The EC announced the details of the preparation of “smart sanctions” against Russia

The European Union is preparing a sixth package of sanctions against Russia, which may include a gradual ban on the import of Russian oil or the establishment of tariffs on imports above a certain level

The European Union is preparing “smart sanctions” against the import of Russian oil, Deputy Head of the European Commission Valdis Dombrovskis told The Times.

According to him, the measures are being developed in such a way as to minimize the economic damage to European countries.

«We are working on the sixth package of sanctions, and one of the issues that we are considering— it's some form of oil embargo,” — said Dombrovskis.

He said the details of a ban on Russian oil imports had not yet been agreed upon. However, we can talk about the gradual abandonment of it or the establishment of tariffs on imports that exceed a certain price ceiling. The deputy head of the European Commission did not rule out that the EU countries could agree on restrictive measures next month.

Brussels is also considering measures to exclude Sberbank from the SWIFT international payment system, he added.

At the spring meeting of the International Monetary Fund (IMF) last week, countries also discussed “more ambitious plans for a global oil embargo,” the newspaper writes. The US-backed restrictive measures include the ability for buyers of Russian raw materials to negotiate a price cap and impose tariffs on imports above a certain level, The Times explains. However, this will require the consent of countries such as China and India, which have not joined Western sanctions. Dombrovskis said that the EU was talking to India and China.

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The head of the European Commission Ursula von der Leyen announced the development of the sixth package of sanctions against Russia in mid-April. She did not rule out restrictions on Russian banks, primarily Sberbank, and the energy sector. According to her, the EC “is in the process of developing smart mechanisms” through which the next package of sanctions will affect Russian oil.

Later, Politico, citing sources among high-ranking EU diplomats, reported that new restrictive measures would be presented EU countries on April 25, after which they will be able to discuss them within a week and possibly adopt them by April 29.

April 8, Brussels introduced the fifth package of sanctions against Russia, they, in particular, affected the import or transit of Russian coal and other solid fossil fuels (oil shale, peat, etc.). In addition, ships flying the Russian flag were banned from entering EU ports, and Russian trucks were restricted from entering the territory of the Union.

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