The European Union has unveiled a sweeping new sanctions package against Russia aimed at choking off the Kremlin’s revenues from fossil fuels and tightening restrictions on banks, technology exports, and foreign firms accused of helping Moscow circumvent previous measures.
European Commission President Ursula von der Leyen announced the bloc’s 19th package of Russia-related sanctions at a Sept. 19 press conference in Brussels, describing the move as a necessary response to Moscow’s military escalation in Ukraine.
She said the European Union (EU) will accelerate its ban on Russian liquefied natural gas (LNG), prohibit transactions with additional Russian banks, and for the first time target crypto platforms used to evade financial restrictions….