Updated on 07:14 p.m. Moscow time
BRUSSELS, September 3 (RIA Novosti) – The European Commission approved Wednesday a proposal to significantly expand sanctions against Russia, but the final decision is yet to be made by the European Union members.
“Following the request of the European Council of 30 August regarding the situation in Ukraine, the European Commission has adopted today for consideration by Member States proposals for the EU to take significant further steps,” the European Commission said in a statement.
“These proposals complement those adopted on 31 July and regard access to capital markets, defence, dual use goods, and sensitive technologies,” the statement reads. “The proposals will now be considered by Member States.”
The EU decision is expected to be approved in a written procedure by the end of the week, according to the statement.
“It is now for Member States to discuss and assess the Commission's proposals. They will be presented to the Council's Committee of Permanent Representatives (COREPER) today Wednesday in the afternoon,” the European Commission statement added.
On the EU Summit held in Brussels on August 30, the European leaders urged the European Commission to come up with proposals for new economic sanctions against Russia within one week. The EU would impose new sanctions if there is no change in the situation in Ukraine of the situation worsened, according to German Chancellor Angela Merkel.
Relations between Russia and the West have deteriorated in regard to the situation in Ukraine. The West has repeatedly accused Russia of building up forces on its border with eastern Ukraine and supplying independence supporters with weapons, a claim Moscow has rejected.
In late July, the European Union and the United States proceeded from individual sanctions imposed on a number of people and companies to penalties on whole sectors of the Russian economy. In response, Russia limited food imports from countries that imposed sanctions on it, namely the US, the EU member states, Canada, Australia and Norway.