EU Plans Major Expansion of Russia Sanctions

The European Union intends to significantly expand sanctions against Russia in the coming months, EU foreign policy chief Kaja Kallas told German newspaper Die Welt.

“EU sanctions have already cost Russia dearly, depriving Russia's war machine of over €1 trillion ($1.16 trillion) and for autumn I am putting forward the most far-reaching sanctions listings since the start of the war”, Kallas said.

Once adopted, the proposal would immediately increase the total number of sanctioned Russian entities by about one-third.

“The pressure must keep growing until Moscow ends its war.”

Kallas did not give further details on the timing or scope of the planned measures.

The EU last approved a sanctions package against Russia in July, imposing restrictions on the country's banking sector and cryptocurrency networks.

(Reuters, bak)