FT learned the contents of the 13th package of EU sanctions against Russia

The 13th package of EU sanctions against RUSSIA will expand the list of persons subject to asset freezes and entry bans , writes FT. The publication’s sources doubted that it would include restrictions on the import of Russian aluminum

The new package of EU sanctions against Russia will expand the list of individuals and legal entities subject to asset freezes and travel bans into EU countries, but it is unlikely to include restrictions on the import of Russian aluminum. The Financial Times (FT) newspaper writes about this, citing sources familiar with the discussion of restrictions.

According to the publication’s interlocutors, the 13th package of sanctions is unlikely to contain a ban on the import of aluminum from Russia, which Poland and the Baltic countries demand. Other points may also be softened, since previous attempts by some EU member countries to limit the EXPORT of Russian nuclear fuel and liquefied natural gas failed due to a lack of consensus, writes FT.

Sources familiar with the discussion of the 13th package of EU sanctions said that it will include restrictions for legal entities and individuals associated with the start of a military operation in Ukraine in 2022. Also, for the second anniversary, Brussels is preparing an agreement to allocate €50 billion to Kyiv over four years, part of this money can be paid immediately after the relevant document is agreed upon, the newspaper’s interlocutors said. They say another €5 billion a year in military aid and the transfer of profits from Russia's frozen assets will also form part of the overall EU support package.

“This is money , weapons and sanctions at a time when we recognize that [the Ukrainians] need support,” the newspaper quotes the words of a European diplomat who participated in the sanctions negotiations. “But it’s been two years and there are limits to what we can do.”

Another diplomat told the FT that an initiative using profits from frozen Russian assets would “show progress but will not actually bring the money closer to Kyiv.”

A separate US initiative to confiscate all frozen Russian assets, most of which are in Europe, is unlikely to receive support from Italy, France and Germany, FT sources say. According to them, negotiations are also ongoing on the transformation of the so-called European Peace Fund, which financed arms supplies to Ukraine.

European diplomats said the discussions were particularly focused on "phasing out" cash compensation for weapons sent to Kyiv and replacing them with payments for joint weapons production. The publication writes that countries with large military industries, such as Germany , want these changes to happen as quickly as possible.

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Earlier, the Politico newspaper wrote about the emergence of problems in the European Union when preparing new sanctions against Russia. According to its source, Brussels is faced with the exhaustion of the list of large goods for introducing restrictions.

The previous, 12th package of EU sanctions contained restrictions on the import of non-industrial diamonds produced or processed in Russia. ALROSA and its CEO Pavel Marinychev were also sanctioned.

Russian President Vladimir Putin , commenting on the initiators of sanctions against Moscow, said that they “have achieved the opposite of the expected result.” According to him, the country managed to overcome “all the problems that arose after the introduction” of restrictions.