EU discusses sanctions mechanism against countries providing trade channels to Russia – Bloomberg

That's according to Bloomberg, Ukrinform reports.

"The primary aim of the to would be to deter countries from helping Russia and crack down on trade channels that Moscow may be exploiting," the report says.

In case the new sanctions mechanism does not work, the EU will have the portunity to impose further targeted restrictions on key goods.

According to Bloomberg, the EU also aims to expand the sce of several existing export measures and ban the transit of many goods through Russia.

The new enforcement mechanism will give EU member states the authority to create two lists: one of third countries subject to sanctions and a separate list of banned goods. It will also make imposing sanctions on companies in third countries that circumvent EU sanctions easier.

Read also: New Zealand to increase support for Ukraine, expand sanctions against Russia

Imports to Russia of semiconductors, integrated circuits and other technogies have increased dramatically from countries such as Kazakhstan, the UAE, Turkey, China and others since the beginning of Russia's full-scale invasion of Ukraine.

As reported, the 11th package of EU sanctions against Russia will be adted no earlier than the second half of May.

The Eurean Union intends to impose a ban on the transit of many goods through Russia, trying to strengthen compliance with the sanctions already imposed.