The measure will reportedly be proposed at a summit in May, and could be joined by EU countries Ukraine’s allies are considering an embargo on nearly all exports to Russia, Bloomberg reported on Thursday, citing sources close to the discussions.

The Russian economy is entering a period of major adjustments to cope with the impact of the sanctions placed on Moscow by the US and its allies, Elvira Nabiullina, the head of the country’s central bank, says.

The collapse of Baltimore’s Francis Scott Key Bridge, which has cut off ocean routes to the city’s major port, is expected to cause severe disruptions to local transport and logistics, producing ripple effects on global supply chains.