"We are hitting Putin where it hurts most": EU chief diplomat reveals details of new Russia sanctions package

EU foreign policy chief Kaja Kallas has said that the new sanctions package against Russia will target the country's financial system, energy sector and military industry, while also announcing further restrictions.

Source: European Pravda, citing a post by Kallas on X (Twitter)

Details: Kallas said that the new sanctions package against Russia agreed by EU countries includes broad measures targeting the financial system, military industry and energy sector, which is the main source of funding for Russia's war machine.

"We are hitting Putin where it hurts most: cutting off the financial lifelines he relies on to sustain his war. This is not the end of the road on sanctions. We are already working on the next steps. The EU must be ready to respond to any further Russian escalation," the EU's high representative said.

Kallas said that an additional 218 individuals would be added to the sanctions list.

"We've hit more than a hundred banks and crypto operators, over 40 shadow fleet vessels, and several oil refineries in Russia and Belarus, who help keep Moscow's war going. We are also responding to Russia's relentless attacks on civilians, infrastructure and cultural heritage by listing more than 50 military-industrial entities, including key actors involved in the production of Russia's long-range drones," she said.

Background:

• On the morning of 23 July, the 21st sanctions package was finally agreed at the level of EU ambassadors after its adoption had been blocked by several countries for various reasons, with Greece being the last country to hold out.
• The package is expected to be formally approved by written procedure in the second half of 23 July.

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