EU’s new Russia sanctions may include steel, luxury goods, jet fuel

The European Union is working on a new package of sanctions against Russia that is likely to restrict the leasing of airplanes and the import and export of products like jet fuel, steel products and luxury goods, two sources with knowledge of the discussions have told CNBC.

However, the bloc remains divided over whether to extend those sanctions to energy imports. The bloc is now working on a fifth package of sanctions against Russia with the new round of measures expected to be approved later this week.

Two EU officials told CNBC that a proposal for the next sanctions package includes airplane leasing, steel products, luxury goods and jet fuel. Both sources added that the package is still a work in progress and could change as talks continue in the coming days and ahead of a crucial meeting of EU ambassadors on Wednesday.

One of the officials added that “obviously, there is a big component missing,” in reference to the lack of measures on the Russian energy sector.