EU Set to Propose Ninth Sanctions Package on Russia
- November 25, 2022
- Posted by: Quatro Strategies
- Category: Politics
The European Union is preparing a ninth sanctions package on Russia in response to its attacks on Ukrainian civilian infrastructure such as power supply, European Commission President von der Leyen said during her visit to Finland on Thursday. “We are working hard to hit Russia where it hurts to blunt even further its capacity to wage war on Ukraine and I can announce today that we are working full speed on a ninth sanctions package,” von der Leyen told a news conference.
“And I’m confident that we will very soon approve a global price cap on Russian oil with the G7 and other major partners. We will not rest until Ukraine has prevailed over Putin and his unlawful and barbaric war,” she added.
Von der Leyen did not provide details of what measures a new round of EU sanctions could contain.
The European Union’s latest sanctions package, its eighth, on Russia came last month. It included more trade restrictions on steel and tech products.
During the news conference in Finland, von der Leyen said Russia’s attacks on Ukrainian civilian infrastructure such as power supply amounted to war crimes.
“I also know our Ukranian friends will overcome this strategy because they are strong and their cause is just and we, the EU, stand here by them in these very difficult times as long as it takes,” she further stated.
One day before von der Leyen’s remarks, the European Parliament designated Russia a state sponsor of terrorism, saying its military strikes on Ukrainian civilian targets such as energy infrastructure, hospitals, schools and shelters violated international law.
Subscribe to Top Insights Today
The Executive Newsletter -Top Insights Today- puts global business events in perspective through special insights
Join the ranks of global executives and subscribe to Top Insights Today
Top Insights Today covers insights on energy, clean-tech, oil&gas, mining, rare earths, defense, aviation, infrastructure, manufacturing, electrical vehicles, big-tech, finance and politics of business