EU to Unveil New Sanctions Against Russia on November 13, UK Targets 29 Entities, Bans Diamond Exports, Strengthens Oil Price Control

The European Union is set to unveil a new package of sanctions against Russia on November 13. The UK Foreign Ministry has announced sanctions targeting 29 individuals and companies involved in Russia's gold, oil, and strategic sectors. The European Parliament has expressed dissatisfaction, stating that the existing sanctions against Russia are not stringent enough and are under-enforced. The upcoming EU sanctions package will include a ban on supplying engines for drones to Russia, a prohibition on diamond exports, and measures to strengthen control over compliance with the upper price limit for Russian oil.