EU considers 19th sanctions package targeting Russia’s banking and energy sectors
Nazrin Abdul
Read moreThe European Union is preparing a new round of sanctions targeting Russia’s banking and energy sectors, as part of its upcoming 19th sanctions package, Azernews reports, citing Bloomberg.
According to the information, the proposed measures could include restrictions on Russian payment systems, credit card operations, and cryptocurrency exchanges, as well as tighter controls on oil trading.
In addition, the EU is reportedly considering strengthening restrictions on Russian oil companies, signaling a continued effort to curb Russia’s economic resilience amid the ongoing war in Ukraine.
If implemented, the 19th package would represent one of the most comprehensive rounds of sanctions to date, further isolating key pillars of the Russian economy and tightening enforcement mechanisms against sanctions evasion.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!