EU to present largest Russia sanctions package since 2022 this autumn
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EU foreign policy chief Kaja Kallas said the bloc will present its largest Russia sanctions package since 2022 this autumn. If adopted, the list of sanctioned Russian individuals, companies and organizations would rise by a third, she told Die Welt in an interview published Aug. 17.
Key Facts
- EU foreign policy chief Kaja Kallas said she will present a new Russia sanctions package this autumn and called it the largest since 2022.
- If the package is adopted, the number of sanctioned Russian individuals, companies and organizations would rise by a third, Kallas said.
- The EU's 21st sanctions package adopted on July 23 included restrictions on 170 legal entities and 48 individuals.
- Kallas said EU sanctions have already cost Russia's war machine more than one trillion euros.
Planned Sanctions Package
EU foreign policy chief Kaja Kallas told Die Welt that she will present the new package this autumn. She described the package as the largest sanctions list since 2022. If adopted, it would increase by about a third the number of sanctioned Russian individuals, companies and organizations. Kallas did not specify which restrictions the bloc plans to introduce.
21st Package Details
The EU adopted its 21st sanctions package against Russia on July 23. That package imposed restrictions on 170 legal entities and 48 individuals. Among those targeted were 94 Russian and four foreign banks and 33 credit and financial organizations. The package also covered representatives of the Russian and Belarusian oil industry, banks and payment systems, cryptocurrency infrastructure and the LNG market.
US Alignment and Cost
Kallas said possible adoption of a US sanctions law against Russia could bring Washington and Brussels positions closer. She cited a US Senate sanctions bill as a basis for hope on US-EU convergence. Kallas said EU sanctions have already cost Russia's war machine more than one trillion euros. She added that pressure must be maintained until Russia ends the war.
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EU to present largest Russia sanctions package since 2022 this autumn
