European Commission President Ursula von der Leyen and EU High Representative Josep Borrell today proposed a 5th package of sanctions against Russia for the approval of the European Council.
These sanctions aim to further cripple Putin’s war machinery, following the atrocities committed by the Russian armed forces in Bucha and other places under Russian occupation in Ukraine.
This fifth package has six pillars.
The European Commission also proposed further listings of individuals, adding, according to Borrell, “dozens of people from politics, the business sector and engaged in propaganda activities”.
According to Ursula von der Leyen, the Commission is also working on additional sanctions, including on oil imports, and reflecting on some of the ideas presented by Member States, such as taxes or specific payment channels such as an escrow account.
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