EU Set to Propose Banning Many Goods From Transiting Via Russia

The European Union is set to propose a ban on many goods from transiting through Russia as the bloc attempts to tighten the screws on the enforcement of sanctions imposed over the past year, Bloomberg News reported. he transit ban would extend to numerous technologies and other goods, including several types of vehicles, but not all items would be barred from traveling via Russia en route to third countries. The ban would be part of a new package of sanctions that’s being prepared by the European Commission. Moscow has been able to get around restrictions on several sanctioned technologies. Trade data previously reported by Bloomberg suggests that advanced chips and integrated circuits made in the EU and other allied nations are being shipped to Russia through third countries, including Turkey, the United Arab Emirates and Kazakhstan. Read more.