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EU sanctions proposed for Georgian and Indonesian ports that handle Russian oil

A proposal document released on Monday showed that the European Union had proposed to extend its sanctions against Russia?to include ports located in Georgia and Indonesia which handle Russian oil. This would be the first time for the bloc to target ports in a third country. The EU proposal was reviewed by and would add Kulevi, in Georgia, and Karimun, in Indonesia, to the list of sanctions, barring EU individuals and companies from transacting with either port. These measures are part of 'EU's 20th package of sanctions over Russia's conflict in Ukraine. The package, which was jointly drafted and presented to EU member states on Monday, was a joint effort by the EU’s?diplomatic services, the EEAS and the European Commission. EU'sanctions must be approved by unanimity to become law. Ursula von der Leyen, the Commission president, said on Friday that the package would include sector-wide restrictions and a move away from the Group of Seven nations price cap towards a "full maritime services ban" for Russian crude. The package also includes new import restrictions on certain metals like nickel bars, iron ore and concentrates and unrefined copper. The package would also ban the import of ammonia and pebbles. It would also include furskins, silicon, salt, and furskins. For the first time, the proposal proposes to use an anti-circumvention device against a tertiary country. The new restrictions will ban the sale of metal-cutting machines, and communication machines like modems or routers for voice, data and image transmission to Kyrgyzstan. The EU also proposed to add two Kyrgyz bank - Keremet, and OJSC Central Bank of Asia - as well as Laos, and Tajikistan banks to its sanctions list, for providing crypto assets to Russia. Two Chinese lenders were also removed from the list. The listed banks will be prohibited from transacting with EU individuals and companies if approved. The EEAS has proposed that 30 individuals and 64 companies be added to its existing sanctions framework, which includes travel bans and asset freezes. Bashneft is a listed Russian oil giant Rosneft subsidiary, and eight Russian refineries are also included, including two Rosneft controlled plants, Tuapse & Syzran. The proposal does not include Rosneft, or Lukoil which are already under U.S. sanction. Reporting by Julia Payne. (Editing by Peter Graff, Mark Potter and Mark Potter.)

(source: Reuters)