The European Union has imposed extra sanctions on Russia over its invasion of Ukraine after the bloc's member states backed a collection of measures that would come with gold imports and tighten export controls on some high-technology items.
European Fee President Ursula von der Leyen mentioned that the “bolstered, extended EU sanctions in opposition to the Kremlin" ship "a robust sign to Moscow".
"We'll preserve the stress excessive for so long as it takes," she mentioned.
The small print of the sanctions are nonetheless unclear as they nonetheless should be posted within the EU's official journal.
EU officers have been looking for all week to tighten the in depth bundle of sanctions on Russia and methods so as to add a ban on gold exports in hopes that the measures may lastly begin to have a decisive influence on the battle in Ukraine.
EU international affairs chief Josep Borrell mentioned on Monday that for the time being "a very powerful factor is a ban on Russian gold," which is Moscow’s second-largest export business after power.
The G7 final month already dedicated to a gold ban, arguing that Russia has used its gold to prop up the rouble following a number of rounds of sanctions that nations world wide had already imposed on Moscow for its invasion of Ukraine on 24 February.
On high of the restrictive measures, the EU additionally determined to grant €500 million to spice up army assist to Ukraine.
Ukrainian President Volodymyr Zelenskyy dismissed the EU's newest sanctions bundle in his nightly video handle on Wednesday.
"This isn't sufficient and I'm telling my companions this frankly," he mentioned. "Russia should really feel a a lot greater value for the battle to power it to hunt peace."
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