Skip to main content

Sanctions against 70% of Russia's financial market and important government-owned companies have been announced by the EU.

As the European Commission president presented a package of fresh EU penalties on Russia, Ursula von der Leyen said Vladimir Putin's invasion of Ukraine represents the "beginning of a new era."

Ms von der Leyen said the package comprised financial, energy, and technological penalties to dissuade Mr Putin from redrawing "the map of Europe by force" during a late-night European Council meeting on the situation in Ukraine.

Ms von der Leyen said the measures reflect "how united the EU is" in a series of tweets early Friday morning.

"First, this package includes financial penalties, which target 70% of the Russian banking industry and important state-owned firms, including defence companies," she stated.

"Second, we're focusing on the energy sector, which is a critical economic sector that favours Russia in particular. Our export embargo will harm the oil industry by preventing Russia from upgrading its refineries.

Sanctions against 70% of Russia's financial market and important government-owned companies have been announced by the EU.

Labels:

Comments

Post a Comment

Popular posts from this blog

I was warned that if I have marks on my body, no boy will ever love me: Sweeney, Sydney

A casting director told Euphoria's Sydney Sweeney that she would 'never be on TV' because she didn't have the 'proper' appearance. The 24-year-old is currently starring as Cassie Howard in the second season of the hit teen drama Euphoria, which also stars Zendaya and has been nominated for nine Emmys. She admitted in an interview with British GQ that now that she's renowned, she can shrug off the horrible comment. "Now I'm on some of the biggest TV shows in the world," she claimed, according to the Daily Mail. Sweeney did not go into detail or name names, but she did recall a time when a mother tried to educate her on the value of being loved. "I'm a really energetic individual." I am injured. I get bruises all the time. Sweeney explained, "I get cuts." "I suppose I came back from laser tag with rug burns all over my legs because I got so caught up in it." And mother sat me on the counter and told me that if I ...
Post a Comment
Read more

BCCI shares pics of Dravid training session on Twitter

BCCI took to Twitter to share pictures of Team India head coach Rahul Dravid bowling during a training session. "Celebrating the 23rd anniversary of Anil Kumble's 10-74," the BCCI wrote. Kumble became the second bowler in Test cricket history to take ten wickets in an innings by registering figures of 26.3-9-74-10 against Pakistan on February 7, 1999 in Delhi.
Post a Comment
Read more

After invading Ukraine, Russia becomes the world's most sanctioned country.

Sanctions are being imposed on Russia by countries all around the world in an effort to stop it from invading Ukraine. According to Castellum, a New York-based sanctions tracking site, Russia has now become the world's most sanctioned country. AI According to the BBC, which cites Castellum.AI, Russia's total now outnumbers Iran's 3,616 sanctions, removing Tehran from first place. The US and its allies slapped sanctions on Russia for the first time on February 22, a day after Russian President Vladimir Putin declared the two Ukrainian rebel territories of Donetsk and Luhansk to be "independent nations," according to the site. It went on to say that 2,754 sanctions were already in place against Russia before the assault on February 22 and that 2,778 more were applied in the days thereafter, bringing the total to 5,532. Switzerland (568), the European Union (518), Canada (454), Australia (413), the United States (243), the United Kingdom (35) and Japan are among the ...
Post a Comment
Read more