The European Union is preparing a new set of sanctions against Russia in response to the intervention of Russian troops to the eastern Ukraine. According to the German newspaper "Die Welt", EU foreign ministers began discussing sanctions at a meeting in Milan today. Among the possible restrictions that Brussels may impose against Moscow there is the refusal of Russian vodka, caviar and diamonds, Censor.NET reports citing ZN.ua.
The last mentioned restriction may hit hard the economy of Russia as it is one of the world's largest exporters of diamonds. At the same time, the EU rejection of the Russian gas and oil is hardly probable.
Europe's addiction to Russian energy is immense. In addition, European politicians doubt that Putin will dare to suspend power supply in the middle of the winter because he will lose a substantial amount of currency needed for the Russian budget. The final package of sanctions may be approved tomorrow at the EU summit.