Ursula von der Leyen reveals package of further EU sanctions against Russia
![]() 1457 Friday, 25 February, 2022, 10:00 The second package of the European Union’s anti-Russian sanctions affects 70% of the Russian banking sector and key state-owned companies, including defense enterprises, European Commission President Ursula von der Leyen told reporters in Brussels on Friday. "First, this package includes financial sanctions, targeting 70% of the Russian banking market and key state owned companies, including in defense," she said at a news conference following an emergency EU summit on Ukraine. In her words, the EU will limit Russia’s access to advanced technologies and semiconductors. "We will hit Russia’s access to important technologies it needs to build a prosperous future, such as semiconductors or cutting-edge technologies," von der Leyen said. As part of sanctions targeting Russia’s energy sector, the EU will also prohibit exports of "instruments <…> that are crucial to refine the oil." "These instruments are built in Europe, they are unique and cannot be replaced globally by other suppliers," she added.
|
Brussels to propose sanctions against Israel as Gaza war escalates
348Yesterday, 20:51Elon Musk just lost his title as world’s richest person
98610.09.2025, 19:36Treasury secretary says U.S. and European Union must partner to 'collapse' Russian economy
142607.09.2025, 23:46India’s Russian oil gains wiped out by Trump’s tariffs: #Reuters
169428.08.2025, 21:00India’s Russian oil gains wiped out by Trump’s tariffs
160927.08.2025, 20:24"If Putin doesn't stop the war, we'll start an economic war" - Trump
149127.08.2025, 13:18US imposes 50% tariffs on India for buying Russian oil
144727.08.2025, 13:00Russia to implement project on navigation seals with Armenia
145326.08.2025, 17:30