BRUSSELS, Feb 9 (Reuters) - The EU's diplomatic arm EEAS has proposed the addition of third-country ports to sanctions against Russia for the first time, its proposal document showed on Monday.
EU Targets Georgian and Indonesian Ports with New Russian Oil Sanctions
Overview of EU Sanctions on Russian Oil
BRUSSELS, Feb 9 (Reuters) - The EU has proposed extending its sanctions against Russia to include ports in Georgia and Indonesia that handle Russian oil, the first time it would target ports in third countries, a proposal document showed on Monday. The proposal, reviewed by Reuters, would add Kulevi in Georgia and Karimun in Indonesia to the sanctions list, meaning European companies and individuals would be barred from carrying out transactions with the two ports.
Details of the Sanctions Package
The sanctions package, which would be the 20th imposed by the EU over Russia's actions in Ukraine, was jointly proposed by the EU's diplomatic arm, known as the EEAS, and the bloc's executive, the European Commission.
Impact on Financial Institutions
The package also includes new import bans on metals including nickel bars, iron ores and concentrates, unrefined and processed copper as well as various scrap metals such as aluminium. The package also bans imports of salt, ammonia, pebbles, silicon and furskins.
Broader Implications for Trade
The EU also proposes to list two more Kyrgyz banks for providing crypto asset services to Russia - Keremet and OJSC Capital Bank of Central Asia - as well as a bank in Laos and a bank in Tajikistan, while removing two Chinese lenders.
(Reporting by Julia PayneEditing by David Goodman and Peter Graff)
