EU preps 16th sanctions package against Russian aluminium. Which side of the table to witness a void, and who will fill it?
The European Union is contemplating the release of its 16th sanctions package against Russia in February 2025, when the Russia-Ukraine geopolitical conflict will mark a third anniversary. A preliminary draft has been outlined for the forthcoming package, restricting aluminium imports, military equipment, and all those vessels transporting Russian oil. The 16th sanctions package is also likely to impose limitations on international payment systems SWIFT, said the people involved in the bloc committee discussion.
All these actions are specifically aimed at undermining Russia's revenue streams and limiting its ability to fund the war. A month ago, ten European Union member states even appealed for stricter sanctions on Russian aluminium, recognising the metal as a critical source of income for Russia. That was when the European Union's 15th sanctions package came into effect, extending restrictions from aluminium wire, pipes, and foil to primary metal.
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