EU proposes “new, very tough sanctions” against Russia

The European Commission has proposed an eighth round of economic sanctions against Russia over the Kremlin’s “new escalation” of its aggression against Ukraine, “rigged referendums”, partial demobilization and the threat of resorting to nuclear weapons.

The new European Union (EU) sanctions package, presented in Brussels on Wednesday by Commission President Ursula van der Leyen and EU High Representative for Foreign Affairs and Security Policy Joseph Borrell, includes a ceiling. Russian oil priceNew Restrictions on Trade To lose about 7 billion euros of revenue to Russia, A Export ban More products for the Kremlin to strip of key technologies for the Russian war machine, and an expanding list of individuals and companies targeted by sanctions measures.

In this new round of sanctions, Brussels proposes a ban on the provision of European services to Russia and a ban on EU citizens sitting on governing bodies of Russian state-owned enterprises, saying “Russia should not benefit from knowledge and expertise.”

“In the past week, Russia has expanded its invasion of Ukraine to a new level, and we are determined that the Kremlin will pay the price for this escalation. Today, we are proposing a new set of very tough sanctions against Russia.” , van der Leyen announced.