The EU intends to significantly expand sanctions against Russia in the coming months, EU foreign policy chief Kaja Kallas told a German newspaper.
– “EU sanctions have already cost Russia dearly, depriving Russia’s war machine of over €1 trillion ($1.16 trillion) and for autumn I am putting forward the most far-reaching sanctions listings since the start of the war,” she told German daily newspaper Die Welt.
– “Once adopted, they would immediately raise the total number of sanctioned Russian entities by a third. The pressure must keep growing until Moscow ends its war.“
– Kallas did not elaborate further on timing or details of the new sanctions package.
– The EU in July approved its most recent sanctions package against Russia over its war in Ukraine, imposing curbs on the country’s banking sector and cryptocurrency networks.