Ban on gold imports, tightening export controls: EU moves closer to imposing more sanctions on Russia

If no objections are raised by national capitals by early Thursday, it will be published in the official journal, after which details of the limited package will become available.

Published: 21st July 2022 08:12 AM  |   Last Updated: 21st July 2022 08:12 AM   |  A+A-

The Nord Stream 1 Baltic Sea pipeline and the transfer station of the OPAL gas pipeline, the Baltic Sea Pipeline Link, in Lubmin, Germany, Wednesday, July 20, 2022. (Photo | AP)

By PTI

BRUSSELS: The European Union moved closer to imposing more sanctions on Russia after its 27 ambassadors backed a series of measures to ban gold imports and tighten export controls on some high-technology goods.

The Czech Republic, which holds the EU presidency, said "the new measures will align the EU with G7 partners, reinforce implementation and close loopholes where necessary."

If no objections are raised by national capitals by early Thursday, it will be published in the official journal, after which details of the limited package will become available.

EU officials have been seeking all week to tighten the extensive package of sanctions on Russia and looking at ways to add a ban on gold exports in hopes that the measures might finally start to have a decisive impact on the war in Ukraine.

On Wednesday, the ambassadors clinched a breakthrough.

EU foreign affairs chief Josep Borrell said Monday that at the moment "the most important thing is a ban on Russian gold," which is Moscow's second-largest export industry after energy.

The G-7 group of leading industrial nations last month already committed to a gold ban, arguing the Russia has used its gold to back up its currency to circumvent the impact of several rounds of sanctions that nations around the world had already imposed on Moscow for its Feb.24 invasion of Ukraine.

On top of the restrictive measures, the EU also decided to grant 500 million euros to boost military aid to Ukraine.

Ukrainian forces on Wednesday damaged a bridge that is key to supplying Russian troops in southern Ukraine, where Russia's foreign minister said Moscow is trying to consolidate its territorial gains.

Russian Foreign Minister Sergey Lavrov told state-controlled RT television and the RIA Novosti news agency that Russia has expanded its "special military operation" from eastern Ukraine's Donetsk and Luhansk provinces to include the Kherson and Zaporizhzhia regions and other captured territories.

Lavrov's remarks and the Ukrainian missile attack on the strategically important Kherson region bridge indicated the nearly five-month war would likely broaden again after unfolding mostly in eastern Ukraine since April.

Russia's top diplomat noted that when Russia and Ukraine in March discussed a possible deal to end the fighting, "our readiness to accept the Ukrainian proposal was based on the geography of March 2022."

"Now it's a different geography," Lavrov said, repeating Moscow's earlier claims that the United States and Britain were encouraging Ukraine to expand the hostilities.

Russia invaded Ukraine on February 24 and quickly seized some territory, but withdrew from the capital region and the north at the end of March to concentrate on seizing Donetsk and Luhansk, where pro-Moscow separatists have controlled much of the territory since 2014.

As Russian forces gained control of more cities in the two eastern provinces, which together make up Ukraine's industrial Donbas region, Ukrainian officials mentioned plans for a counter-offensive to retake Russian-occupied areas in the south.

The Ukrainian strike on the Dnipro River bridge appeared to be intended to loosen Russia's grip on the southern Kherson region.

Wednesday's attack on the bridge was the second in as many days.

Kirill Stremousov, deputy head of the Russian-installed temporary regional administration, said the Ukrainian military struck the Antonivskyi Bridge, using US-supplied HIMARS multiple rocket launchers.

The 1.4-kilometer (0.9-mile) bridge is the main river crossing in the Kherson region.

Knocking it out would make it hard for the Russian military to keep supplying its forces in the region, the target of repeated Ukrainian attacks.

Stremousov said that because of the bridge damage, pontoon crossings would be constructed over the river, which is also known as the Dnieper.

The head of the Moscow-appointed Kherson administration, Vladimir Saldo, said in a video message that passenger vehicles could continue driving across the bridge but truck traffic was halted.

He said trucks could cross the river using a dam 80 kilometers (50 miles) away.

Early in the war, Russian troops quickly overran the Kherson region just north of the Crimean Peninsula that Russia annexed in 2014.

They have faced Ukrainian counterattacks, but have largely held their ground.

Kherson, site of a major ship-building industry at the confluence of the Dnipro River and the Black Sea near Russian-annexed Crimea, is one of several areas a U.S. government spokesman said Russia is trying to take over now.

White House national security council spokesman John Kirby said Tuesday that U.S. intelligence officials have amassed "ample" new evidence that Russia is looking formally to annex additional Ukraine territory and could hold a "sham" public vote as soon as September.

Russia is eyeing Kherson and Zaporizhzhia, as well as the entirety of the Donbas region.

Lavrov claimed that the US was preventing Ukraine from engaging in talks on a possible settlement with Russia.

"They are keeping them from any constructive steps and not only pumping in weapons but forcing them to use those weapons in an increasingly risky way," the Russian minister said.

Russian-installed authorities claimed Wednesday that Ukraine's military had used drones to attack the Zaporizhzhia nuclear power plant, Europe's largest.

Vladimir Rogov, a local Moscow-appointed official, said three Ukrainian attack drones had hit the plant's territory with explosives but not its reactor area.

All normal operations continued, and no release of radiation was detected, he said.

Russia's state news agency Tass reported 11 plant workers were injured, four seriously.

Ukrainian authorities, who have over the past months reported Russian missiles almost hitting the plant, did not immediately comment on the report.

The bulk of Russia's forces is stuck fighting in the Donbas region, where they have made slow gains while facing fierce Ukrainian resistance.

The Russian military has used long-range missiles to strike targets across all parts of Ukraine, in the process killing hundreds of civilians.

Ukraine's presidential office said at least 13 civilians were killed and a further 40 wounded by the Russian shelling across the country in a 24-hour period between Tuesday and Wednesday.

On Wednesday, at least three more people died when Russia bombarded the northeastern city of Kharkiv with Hurricane salvo rocket systems, authorities said.

The victims, who were waiting at a bus stop, included a 69-year-old man, his wife and a 13-year-old boy.

The boy's 15-year-old sister was injured, according to the Kharkiv Regional Prosecutor's Office.

The video showed the boy's father, apparently in a state of shock, praying above his son's uncovered body and holding his hand.

Russia has repeatedly accused Ukraine during the war of launching attacks across the border in Russian territory.

Another such report came Wednesday, when Belgorod Gov.

Vyacheslav Gladkov said on Telegram that Ukrainian forces had fired on two border villages.

Most villagers were previously evacuated under a state of emergency, but , Gladkov said the latest attack killed a man, and damaged homes and a village club.

In other developments: "An Associated Press investigation has found that many refugees from Ukraine are forced to embark on a surreal trip into Russia, subjected along the way to human rights abuses, stripped of documents and left confused and lost about where they are."

The European Union's head office proposed that member states cut their gas use by 15 per cent over the coming months to ensure that any full Russian cutoff of natural gas supplies to the bloc will not fundamentally disrupt industries next winter.

While the initial cuts would be voluntary cuts, the Commission also asked for the power to impose mandatory reductions across the bloc in the event of an EU-wide alert in the event of a severe gas shortage or exceptionally high demand.

President Recep Tayyip Erdogan said Wednesday that Turkey wants to tie down Russia and Ukraine to a written agreement this week and enable millions of tons of Ukraine's grain to be shipped from the Black Sea and Russian grain and fertilizers to be sent to world markets.

Some 22 million tons of desperately needed grain and other products have been trapped in Ukraine's Black Sea ports due to the war.

In a sign of the crippling economic impact of the war, the Ukrainian government said it would ask investors to allow the country to postpone foreign debt payments for two years.

Leaders of a group of creditors said they agreed to the delay and urged bondholders to do the same.



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