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Reuters
Reuters
Business
By Gabriela Baczynska

EU edges towards more sanctions on Russia

FILE PHOTO: Plastic letters arranged to read "Sanctions" are placed in front the flag colors of EU and Russia in this illustration taken February 28, 2022. REUTERS/Dado Ruvic/Illustration

European Union countries on Friday edged towards agreeing what would be the bloc's eighth round of sanctions against Russia for waging war against Ukraine, diplomatic sources told Reuters.

The EU executive earlier this week recommended that the bloc imposes more trade curbs and individual blacklistings, and moves towards - rather than adopting straightaway - a price cap for Russian sea-borne oil deliveries to third countries, mostly insured by European companies.

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