The European Union is expected to continue to put pressure on Russia to end its military campaign in Ukraine and this time the target may be Russia's gold warehouse.
In a preliminary document dated June 20, seen by Reuters , EU leaders appear to be considering a seventh package of sanctions against Russia following Moscow's nearly four-month military campaign in Ukraine. . The target this time seems to be on Russian gold.
"The leaders will continue to work towards sanctions imposed on Russia, including increasing implementation and preventing law-breaking behavior," the text read.
According to Reuters , this is the latest outline of the issues that EU leaders are expected to speak at the end of the bloc's summit scheduled for June 23-24.
The EU has issued six packages of sanctions against Russia from February 24 to now, but some items are still outside the embargo, such as gas, due to Europe's too great dependence on this item.
The document dated June 20 is seen as a compromise between the Nordic and Eastern European countries - who support a new package of sanctions against Russia - and countries such as Germany and the Netherlands - the other side. called on the EU to focus on enforcing existing sanctions rather than issuing new ones.
Currently, no sanctions package has been prepared, but the EU is still identifying areas where it could sanction Russia, officials said.
Reuters , citing multiple sources familiar with the matter, said that the EU's latest target could be Russian gold.
At a closed meeting of EU envoys last week, Denmark suggested that further sanctions could involve gold.
A source familiar with the sanctions told Reuters the European Commission may be looking at introducing further sanctions, although it remains unclear whether the measure could ban gold exports to Russia. import gold from Russia or both.
Gold is an important asset for the Central Bank of Russia in the context that Moscow has recently had difficulty accessing its assets abroad due to Western sanctions.
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