Russia 'has shown full extent of contempt for diplomacy and law,' EU's von der Leyen says
The European Commission president,ย Ursula von der Leyen,ย said in her statement thatย Russia โhas shown the full extent of its contempt for diplomacy and international lawโ over the last month,ย as she criticised the largest-scale drone and missile attacks on Ukraine.
She specificallyย referenced the Russian strikes on Kyiv that hit the EU officeย in the capital, andย Russian drone incursions into Poland and Romania.
These are not the actions of someone who wants peace.
Theย 19th package of sanctions comes in response to this โescalationโ from Putin,ย she explained, as she outlined the key elements of whatโs being proposed.
She says the EU will โwant to cutโ Russiaโs revenues from fossil fuels,ย banning imports of Russian LNG into European markets.
118 additional vessels from the Russian shadow fleet will get added to the sanction list,ย which totals 560 vessels.
She added that โmajor energy trading companies Rosneft and Gazpromneft will now be on a full transaction ban,โ and โother companies will also come under asset freeze.โ
Crucially,ย the new package will also target โrefiners, oil traders, petrochemical companies in third countries, including Chinaโย who are alleged to be โpurchasing oil in breach of the sanctions.โ
โIn three years, Russiaโs oil revenues in Europe have gone down by 90%. We are now turning that page for good,โ she said.
Theย package will also look at closing โthe financial looppholes,โย von der Leyen said, adding that it will bring forward โa transaction ban on additional banks in Russia and on banks in third countries.โ
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