The Next EU Russian sanctions package will be announced soon.

According to Bloomberg, the European Union plans to propose a new package of sanctions against Russia over its war in Ukraine in the coming weeks. Earlier this month it was proposed to include restrictions on gold imports, measures to fix previous sanctions, and additional listings of individuals and entities. Discussions on mechanisms to cap the price of oil are ongoing and unlikely to come in the near future, according to sources. Some member states have been pushing to expand the bloc’s sanctions to target gas, but there is little appetite among the vast majority of nations to expand there.