EU executive proposes eighth batch of sanctions against Russia
EU states start negotiating new package of Russia sanctions
27 member countries split on oil price cap
Ukraine: It's needed to stop 'blood money' flowing to Russia
By Gabriela Baczynska, Sabine Siebold and Marine Strauss
BRUSSELS, Sept 28 (Reuters) - The European Union executive proposed on Wednesday an eighth round of sanctions against Russia over its invasion of Ukraine, including tighter trade restrictions, more individual blacklistings and an oil price cap for third countries.
The proposal will now go to the bloc's 27 member countries, which will need to overcome their differences to implement the new sanctions on top of seven sets of punitive measures imposed on Russia since its forces swept into Ukraine on Feb. 24.
That may take time despite the EU being spurred into action by Russia's military mobilisation last week, nuclear threats and steps to annex a swathe of Ukraine, after invading the former Soviet republic that aspires to join the EU.
"We do not accept the sham referenda (in Russian-occupied areas of Ukraine) nor any kind of annexation...And we are determined to make the Kremlin pay the price for this further escalation," European Commission President Ursula von der Leyen told reporters.
"We are proposing a new package of biting sanctions."
The Group of Seven major industrialised countries - which includes EU countries Italy, France and Germany - have already agreed to put an oil price cap in place via insurers.
Earlier on Wednesday, a senior economic adviser to Ukrainian President Volodymyr Zelenskiy called on the EU to further cut money flows to Russia from fossil fuel sales.
"If you are doing nothing it means you are just prolonging this war with Ukraine. This is just ridiculous. The whole civilised world has to be united on that," said Oleg Ustenko.
While the EU already agreed to stop importing Russian oil starting later this year, Ustenko said "blood money" would keep on flowing to Moscow unless European companies were banned from insuring Russia's seaborne shipments to other countries.
The proposed sanctions fall short of harder-hitting measures, including a ban on importing Russian diamonds, sought by Russia hawks Poland and the three Baltic countries.
But EU states need unanimity to impose sanctions and the oil cap might be too much for Hungary, where Prime Minister Viktor Orban, who cultivates close ties with Russian President Vladimir Putin, has been a vocal critic of economic restrictions.
Ustenko hoped Hungary would eventually agree, and that EU countries with large shipping fleets - Greece, Malta and Cyprus - would also back more measures hitting Russian oil revenues.
Speaking next to von der Leyen, EU foreign policy chief Josep Borrell said the bloc was also blacklisting more individuals from Russia's defence sector, those involved in ad hoc votes organised by Moscow in occupied Ukrainian territories, those the West blames for spreading Russian propaganda and those helping to circumvent sanctions against Moscow.
Poland's EU ambassador said the proposed individual sanctions would include Patriarch Kirill, head of the Russian Orthodox Church and a close Kremlin ally, after previous attempts to blacklist him in the EU were blocked by Hungary.
Von der Leyen said a new imports ban would cost Russia 7 billion euros in lost revenues and that the EU would also expand the list of prohibited exports "to deprive the Kremlin's war machine of key technologies".
Under the proposal, European companies would be barred from providing more services to Russia and European citizens would not be allowed to sit on boards of Russian state companies.
This would be a nod to popular outrage over the cases of Gerhard Schroeder and Francois Fillon - former top European politicians who subsequently took jobs on Russian boards.
The Commission was due to present details of the proposal to member states at a closed-door meeting later on Wednesday and the 27 were expected to have a first discussion on Friday before national EU leaders meet in Prague on Oct. 6-7.
Additional reporting by Philip Blenkinsop and John Chalmers, Writing by Gabriela Baczynska; editing by John Chalmers, Alex Richardson and Mark Heinrich
Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.
Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.
Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.