New EU sanctions expected to target Russian military, banks

New EU sanctions expected to target Russian military, banks

The executive body of the European Union proposed imposing sanctions on Russia's armed forces, three banks and dozens of officials. Russia continues to bring death and destruction to Ukraine. It is deliberately attacking civilians and civil infrastructure”, European Commission President Ursula von der Leyeen said. But we stay with Ukraine and Russia will [...]

Russia continues to bring death and destruction to Ukraine. It is deliberately attacking civilians and civil infrastructure”, European Commission President Ursula von der Leyeen said.

However, we stay with Ukraine and Russia will pay for its atrocities”, she added.

The European Union has so far adopted eight package of sanctions against Russia since Moscow began its invasion of Ukraine in February. European sanctions have also targeted oil exports, which are key to Russia.

EU ambassadors will discuss proposed sanctions. For them to come into force, approval of the 27-nation bloc is needed.

Von der Leyen said the EU is now aiming to sanction “almost 200 people and Entity” and to ban their visa equipment. Likewise, freezing the assets of sanctioned persons, including military officials, ministers and defence companies, is planned.

In the new package, the Commission has proposed sanctioning three banks, including the Russian Bank for Regional Development. /Abc news

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