EU to propose import ban on Russia coal, chemicals, wood -source

FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, January 18, 2018. REUTERS/Francois Lenoir/File Photo

The European Commission will propose on Tuesday to EU nations sweeping new sanctions against Russia, including banning imports of coal, wood, chemicals and other products worth about 9 billion euros ($9.86 billion) a year, an EU source told Reuters.

The European Union is also to propose a ban on exports to Russia worth another 10 billion euros a year, including of semiconductors, computers, technology for LNG gas, and other electrical and transport equipment, the source said.