EU is preparing largest sanctions package against Russia

Ulyana Krychkovska-Bogdanova, STANISLAV POHORILOV - 17 August, 08:31

Kaja Kallas. Photo: Kaja Kallas on X

Kaja Kallas, EU High Representative for Foreign Affairs and Security Policy, has said that the European Union plans to present a new package of sanctions against Russia in the coming months, which could be the largest since the beginning of Russia's full-scale invasion of Ukraine.

Source: European Pravda, citing a German newspaper Die Welt

Details: Kallas said that EU sanctions have already inflicted significant damage on Russia, depriving the country of more than €1 trillion.

She noted that in the autumn she is proposing the largest package of sanctions measures since the beginning of the war. She added that, once adopted, the measures will immediately increase the total number of Russian legal entities and individuals under sanctions by one-third.

Kallas stressed that the pressure must continue to increase until Moscow ends its war.

Background:

On 23 July, the Council of the European Union formally adopted a new package of sanctions against Russia, describing it as a measure that deals a powerful blow to Russia's energy sector, financial services and cryptocurrencies.
The package was approved after weeks of delays caused by objections from several member states for different reasons, with Greece being the last country to lift its objections.
On 7 August, Kallas announced that the EU had approved new sanctions against Russia in response to the recent massive strikes on Ukraine.

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