EU ambassadors have not succeeded in agreeing on a new 10th package of sanctions against Russia at the recent meeting in Brussels, Politico reports citing sources.
The plans to restrict Russian exports of synthetic rubber, which is used in the car industry to particularly produce tyres and clutches, were a major point of contention.
Politico notes that Russia’s revenues from trading synthetic rubber in 2021 reached almost $2 billion, including $700 million coming from the EU.
Poland backed the idea to end these imports, while Italy and Germany are “sceptical about banning the product”.
Earlier, Bloomberg reported that the upcoming EU sanction package can target Russian banks such as Alfa Bank, Tinkoff, Rosbank as well as the Russian National Wealth Fund.