EU plans 'widest list of sanctions' against Russia for fall

The European Union intends to substantially broaden its sanctions against Russia in the upcoming months, stated EU foreign policy chief Kaja Kallas. She indicated that the existing sanctions have already imposed a significant financial burden on Russia.

"EU sanctions have already cost Russia dearly, depriving the Russian war machine of more than a trillion euros, and for the fall, I propose the widest list of sanctions since the beginning of the war," Kallas told the German daily "Welt," as reported by Reuters. She added, "When adopted, they would immediately increase the total number of sanctioned Russian entities by one-third. Pressure must continue to grow until Moscow ends the war."

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EU sanctions have already cost Russia dearly, depriving the Russian war machine of more than a trillion euros, and for the fall, I propose the widest list of sanctions since the beginning of the war.

Kallas did not provide specific details regarding the timing or content of the new sanctions package. The EU approved its latest round of sanctions against Russia in July, targeting the Russian banking sector and cryptocurrency networks in response to the war in Ukraine.

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When adopted, they would immediately increase the total number of sanctioned Russian entities by one-third. Pressure must continue to grow until Moscow ends the war.