EU to launch most extensive sanctions package against Russia in coming months
The European Union plans to introduce its most extensive sanctions package against Russia in the coming months, EU High Representative for Foreign Affairs and Security Policy Kaja Kallas announced, Reuters reported on August 17.
The European Union is set to unveil its most comprehensive sanctions package against Russia in the coming months, according to Kaja Kallas, the EU High Representative for Foreign Affairs and Security Policy. Speaking to Reuters on August 17, Kallas revealed that "EU sanctions have already cost Russia dearly, depriving Russia's war machine of over €1 trillion ($1.16 trillion) and for autumn I am putting forward the most far-reaching sanctions listings since the start of the war."
The details regarding the timing and specifics of the new sanctions package have yet to be disclosed.
On July 23, European Union ambassadors agreed on the 21st sanctions package against Russia following Greece's withdrawal of its previous block. This package expands restrictions on the Russian financial sector, bans specific transactions, introduces new regulations concerning cryptocurrency, and adds more Russian shadow fleet vessels and their facilitators to the sanctions list.
Earlier, on August 7, the EU approved new sanctions against Russia in response to escalated attacks on Ukraine. Kallas announced that five individuals affiliated with Russia's military-industrial complex have been added to the sanctions list.
Written by urgent.news from New Voice of Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
