"We want to cut these revenues. So we are banning imports of Russian LNG into European markets. The sanctions must be endorsed by all 27 EU member countries before they can enter into force. It is time to turn off the tap, von der Leyen said, calling on members to quickly endorse the move. We want Russia to leave the battlefield and come to the negotiation table, and this is the way to give peace a real chance, she added."
"EU sanctions have already targeted more than 2,500 entities, including banks, ministries, energy companies and officials. Those being sanctioned include President Vladimir Putin, his close associates, dozens of Russian lawmakers and several oligarchs. The measures largely consist of travel bans and asset freezes. Von der Leyen said the bloc's existing sanctions are having an effect. Russia's overheated war economy is coming to its limit, she said, pointing to persistently high inflation in the country."
European Commission presented a 19th sanctions package proposing an EU-wide ban on Russian LNG imports aimed at cutting Moscow's fossil-fuel revenues and compelling a cease to the war in Ukraine. The package expands measures across energy, financial services and trade, and requires unanimous approval from all 27 EU member states to take effect. EU sanctions have already targeted over 2,500 entities, including President Vladimir Putin, close associates, lawmakers and oligarchs, mainly through travel bans and asset freezes. The EU links the measures to pressure on Russia's economy, pointing to persistently high inflation and strains on the war economy.
Read at www.aljazeera.com
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