AIRLINK 145.00 Increased By ▲ 0.50 (0.35%)
BOP 10.17 Increased By ▲ 0.01 (0.1%)
CNERGY 7.20 Increased By ▲ 0.02 (0.28%)
CPHL 81.85 Increased By ▲ 0.45 (0.55%)
FCCL 44.85 Increased By ▲ 0.10 (0.22%)
FFL 15.05 Decreased By ▼ -0.05 (-0.33%)
FLYNG 53.75 Increased By ▲ 0.84 (1.59%)
HUBC 134.01 Decreased By ▼ -0.34 (-0.25%)
HUMNL 11.03 Decreased By ▼ -0.03 (-0.27%)
KEL 5.09 Increased By ▲ 0.04 (0.79%)
KOSM 5.59 Decreased By ▼ -0.01 (-0.18%)
MLCF 79.62 Increased By ▲ 0.12 (0.15%)
OGDC 211.75 Increased By ▲ 0.95 (0.45%)
PACE 5.80 Increased By ▲ 0.10 (1.75%)
PAEL 39.32 Decreased By ▼ -0.28 (-0.71%)
PIAHCLA 22.20 Increased By ▲ 0.50 (2.3%)
PIBTL 8.20 Increased By ▲ 0.05 (0.61%)
POWER 13.69 Increased By ▲ 0.19 (1.41%)
PPL 163.20 Increased By ▲ 1.20 (0.74%)
PRL 32.40 Increased By ▲ 0.20 (0.62%)
PTC 24.10 Increased By ▲ 0.65 (2.77%)
SEARL 84.50 No Change ▼ 0.00 (0%)
SSGC 43.45 Increased By ▲ 0.39 (0.91%)
SYM 14.60 Increased By ▲ 0.15 (1.04%)
TELE 7.58 Increased By ▲ 0.09 (1.2%)
TPLP 9.42 Increased By ▲ 0.03 (0.32%)
TRG 61.99 Increased By ▲ 0.39 (0.63%)
WAVESAPP 9.00 Decreased By ▼ -0.14 (-1.53%)
WTL 1.51 Increased By ▲ 0.02 (1.34%)
YOUW 4.65 Increased By ▲ 0.20 (4.49%)
BR100 12,963 Increased By 40.2 (0.31%)
BR30 37,145 Increased By 171.6 (0.46%)
KSE100 120,407 Increased By 404 (0.34%)
KSE30 36,544 Increased By 102.4 (0.28%)

BRUSSELS: The EU agreed a new round of sanctions over Russia’s war in Ukraine on Friday, the one-year anniversary of Moscow’s invasion, the bloc’s Swedish presidency announced.

The package – the 10th the EU has imposed since Russia’s February 24, 2022 invasion – contains, it said, “targeted restricted measures against individuals and entities supporting the war, spreading propaganda or delivering drones used by Russia in the war”.

Final approval of the sanctions was expected early Saturday if no EU country raises a last-ditch objection.

The details on the listed individuals and entities will then be published in the European Union’s official gazette.

One EU diplomat told AFP that 120 individuals and entities, and three more Russian banks, were listed.

The EU’s measures echoed sanctions announced earlier Friday by the United States and by Britain, and came in the wake of a G7 statement that warned of penalties for any country abetting Russia in its war.

Another EU diplomat said the agreement on sanctions held “no compromise” to a proposal put forward to member states by the European Commission.

That proposed package promised to cut off industrial goods worth 11 billion euros ($12 billion) to Russia and target drone producers in Iran whose unmanned aircraft containing warheads Moscow has been using to attack Ukrainian targets.

Commission chief Ursula von der Leyen had said the goods put under sanctions for Russia would include electronics and machine parts that can be used in Russian drones, missiles, helicopters and other weapons systems.

She had said that seven Iranian entities providing dual-use products to Russia were also included in the commission sanctions proposal.

The EU has already imposed nine waves of unprecedented sanctions on Moscow, hitting key Russian exports like oil in a bid to cut Russian President Vladimir Putin’s war chest.

NATO says ‘resolute’ in supporting Ukraine

Several EU diplomats had told AFP that complaints from Poland had slowed down agreement on the latest sanctions because Warsaw had viewed them as insufficient.

Polish Prime Minister Mateusz Morawiecki said Friday, as he visited Kyiv before the EU sanctions agreement was announced, that the proposals from Brussels were “too soft, too weak”.

Comments

Comments are closed.