The European Union Russia imposed more sanctions on Thursday over the war in Ukraine This comes after the bloc’s member states backed a number of measures that would include importing gold and tightening export controls on some high-technology goods.
European Commission Ursula von der Leyen said that “reinforced, prolonged EU sanctions against the Kremlin” “send a strong signal to Moscow: we will keep the pressure as high as it takes.”
The details of the sanctions were still unclear as they still need to be posted in the EU’s official journal.
EU officials have been calling throughout the week to tighten a comprehensive package of sanctions on Russia and are looking at ways to ban gold exports in hopes that the measures will eventually begin to have a decisive impact on the war in Ukraine. could.
EU foreign affairs chief Josep Borrell said on Monday that “the most important thing at the moment is a ban on Russian gold,” which is Moscow’s second-largest export industry after energy.
The Group of Seven major industrialized countries had already committed to ban gold last month, arguing that Russia used its gold to back its currency to stem the effects of several rounds of sanctions. which countries around the world had already imposed on Moscow for its February. 24 invasions of Ukraine.
On top of the restrictive measures, the EU also decided to give 500 million euros to boost military aid to Ukraine.
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