EU prepares 21st sanctions package against Russia

European Union leaders have once again expressed their unified resolve to broaden sanctions against Russia and reinforce current measures.

During their summit, leaders welcomed the latest actions taken under the 20th sanctions package, which specifically targeted Russia's "shadow fleet." They urged for the swift approval of a 21st sanctions package.

Discussions highlighted the need to further restrict Russia's energy revenues. EU leaders also emphasized the importance of implementing stronger measures against the shadow fleet, introducing additional steps targeting Russia's banking sector, and developing a coordinated approach to address the environmental, security, and maritime safety risks associated with this fleet.

Leaders also positively assessed the close coordination with G7 countries on sanctions. The summit strongly condemned North Korea's deployment of military forces against Ukraine, as well as military support provided to Russia by Iran, Belarus, North Korea, and other nations.

The EU leaders conveyed a message of sustained economic and financial pressure on Russia, indicating that efforts to increase the effectiveness of sanctions will continue. They stressed the necessity of maintaining this pressure in the ongoing conflict in Ukraine.