European Commission President Ursula von der Leyen has announced a proposed 21st European Union sanctions package against Russia, targeting the country’s energy, financial, trade and cryptocurrency sectors while reaffirming support for Ukraine.
In a speech outlining the measures, von der Leyen argued that “Russia has clearly failed to subjugate Ukraine” and said the economic impact of the war is increasingly being felt within Russia itself. She stated that EU sanctions are “weakening the economic foundations of Russia’s war effort”, pointing to declining energy revenues, pressure on public finances and restrictions on access to global markets and critical technologies.
The proposed package includes additional measures against Russia’s oil and LNG sectors, further action against vessels linked to the so-called shadow fleet, expanded restrictions on banks and crypto platforms, new export controls on military-related technologies, and trade measures covering fisheries and selected imports.
Von der Leyen also announced a proposal to ban entry into the EU for individuals who have served in the Russian armed forces since the start of the war, stating that “Europe stays off limits for anyone who has participated in the invasion of Ukraine.”
The Commission President further confirmed that the EU expects to open the first accession negotiation cluster with Ukraine and Moldova in the coming days, describing it as the formal start of the next phase of the accession process.
ℹ️ EC AV Portal
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