Another three Russian banks could be subject to new EU sanctions, possible ban on investing in Russian mining – media

BRUSSELS. Dec 6 (Interfax-Ukraine) – The European Union’s latest and ninth package of sanctions against Russia could include a ban on new investments in the Russian mining sector, as well as a ban on operations with another three Russian banks, the Financial Times reported on Tuesday, citing sources.

Three sources familiar with the situation told the Financial Times that the ban on investments in Russia’s mining sector would have exemptions for certain products. According to the publication’s sources, the new package could also include export control on technologies that, according to Brussels, Moscow uses to support arms factories, as well as a ban on operations with another three Russian banks, though the publication has not reported which three banks this would entail. An additional 180 individuals could be included in the sanctions lists, among other matters.

Other elements of the draft package include a ban on four Russian media channels that the EU says are used to promote Moscow propaganda, export controls on dual-use products worth more than EUR 2.3 billion and a ban on dealings with Russian marketing and market research companies.

The EU hopes to discuss the new sanctions package with union members in the coming days, and come to an agreement on it before the end of the week.

The Financial Times also indicates that work on the sanctions package is not complete, and it could be amended.