The European Union is looking at an oil price cap, tighter curbs on high-tech exports to Russia and more sanctions against individuals, diplomats said on Thursday, in response to what the West condemned as a new escalation in Moscow's war in Ukraine.
The 27-nation EU was spurred into action by President Vladimir Putin's nuclear rhetoric on Wednesday, announcement of a partial mobilisation for the war and support for plans to effectively annex parts of east Ukraine.
Three EU diplomats in Brussels said new sanctions would centre around an oil price cap to match that agreed by the G7 most industrialised global powers - a gathering where EU states France, Germany and Italy also sit. The person added the oil cap should take effect from December, along with the EU's embargo on Russian coal, while tighter export restrictions for high-tech products are meant to hamstring Russia's battlefield capabilities.
Others, however, warned the latter was unlikely to get the unanimous backing of all EU countries necessary to introduce sanctions.
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