On Wednesday, Reuters reported four diplomatic sources had confirmed to it that the European Union failed to agree on a new package of sanctions against Russia. The new restrictions were intended to be put in place for the one year anniversary of the conflict in Ukraine, this Friday.

One of the anonymous sources said, “There are several issues outstanding, including on rubber and reporting obligations of Russian assets in Europe.”

Talks would continue on Thursday afternoon among representatives of the EU member states.

The EU had already agreed, on Monday, on extending the current array of sanctions on Russia, which were imposed in response to the conflict in Ukraine. European Council President Charles Michel had previously admitted that it was becoming challenging to hold debates on new penalties to impose on Moscow, as the bloc has already imposed nearly every major penalty it could on Russia, and there are just “not many things left” to do.

The tenth package of EU sanctions which is presently being proposed will be valued at €11 billion ($11.7 billion). It will be designed to stop the sales of high-tech good which can be used in weapons systems.

The new export blacklist will focus on electronics, lasers, radio equipment, software, avionics, marine cameras and rare-earth minerals, as well as other components used in nanotechnology.

The previous nine packages of sanctions which the EU has already adopted have focused on a wide rage of aspects of the Russian economy, as well as on Russian businessmen, politicians, and journalists.