BR100 Increased By (0.27%)
BR30 Increased By (0.15%)
KSE100 Increased By (0.15%)
KSE30 Increased By (0.01%)
BECO 5.92 Decreased By ▼ -0.11 (-1.82%)
BML 57.31 Increased By ▲ 4.56 (8.64%)
BOP 34.09 Decreased By ▼ -0.16 (-0.47%)
CNERGY 8.20 Increased By ▲ 0.04 (0.49%)
DCL 12.15 Decreased By ▼ -0.19 (-1.54%)
FCCL 53.88 Decreased By ▼ -0.01 (-0.02%)
FCSC 5.25 Increased By ▲ 0.03 (0.57%)
FFL 18.01 Decreased By ▼ -0.02 (-0.11%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.23 Increased By ▲ 0.23 (2.09%)
KEL 8.17 Increased By ▲ 0.06 (0.74%)
KOSM 5.47 Increased By ▲ 0.09 (1.67%)
MLCF 88.79 Increased By ▲ 0.74 (0.84%)
NBP 186.50 Increased By ▲ 0.02 (0.01%)
PACE 10.96 Increased By ▲ 0.24 (2.24%)
PAEL 40.42 Increased By ▲ 0.48 (1.2%)
PIAHCLA 26.26 Increased By ▲ 0.09 (0.34%)
PIBTL 17.33 Increased By ▲ 0.01 (0.06%)
PPL 232.00 Decreased By ▼ -0.78 (-0.34%)
PRL 34.70 Decreased By ▼ -0.25 (-0.72%)
PTC 66.80 Decreased By ▼ -0.76 (-1.12%)
SEARL 91.45 Increased By ▲ 0.52 (0.57%)
SSGC 27.15 Decreased By ▼ -0.02 (-0.07%)
TELE 8.70 Increased By ▲ 0.13 (1.52%)
THCCL 65.35 Increased By ▲ 5.22 (8.68%)
TPLP 9.20 Increased By ▲ 0.44 (5.02%)
TREET 24.55 Increased By ▲ 0.01 (0.04%)
TRG 72.63 Increased By ▲ 0.88 (1.23%)
WAVES 10.70 Increased By ▲ 0.72 (7.21%)
WTL 1.26 No Change ▼ 0.00 (0%)
World

EU agrees new sanctions over Russia’s war in Ukraine

Published February 25, 2023 Updated February 25, 2023 11:52am
By

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 for this article.