See, after a month of wrangling, 27 EU member states have agreed a new package of sanctions targeting Russian oil. Although the sanctions will not change the course of the war in Ukraine, they increase the cost for Vladimir Putin and demonstrate Europe’s resolve to punish him.
The new round of sanctions announced this week by Brussels will ban imports of Russian oil by sea as well as insurance for shipping companies that transport it globally. These combined measures could severely disrupt sales of the oil that fueled Mr Putin’s war machine and Russia’s economy, but they are also important political symbolism.
opinion | Europe hit Putin right where it hurts
See, after a month of wrangling, 27 EU member states have agreed a new package of sanctions targeting Russian oil. Although the sanctions will not change the course of the war in Ukraine, they increase the cost for Vladimir Putin and demonstrate Europe’s resolve to punish him.
The new round of sanctions announced this week by Brussels will ban imports of Russian oil by sea as well as insurance for shipping companies that transport it globally. These combined measures could severely disrupt sales of the oil that fueled Mr Putin’s war machine and Russia’s economy, but they are also important political symbolism.