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The European Union has given the green light to the fifth package of sanctions against Russia, which includes not only the blockade of coal imports, but also the closure of European bloc ports for Russian ships.
“Together with the other four packages, these sanctions will increase economic pressure on the Kremlin and hinder the ability to finance the occupation of Ukraine.“The EU statement said that the measures, created in coordination with international partners, are broader and tougher, and are expected to have an even greater impact on the Russian economy.”
The new sanctions target six sectors: coal, financial transactions, transport, imports and exports to Russia, and the exclusion of Moscow public contracts and European funds. All sanctions imposed by the United States and its European allies on Russia since the start of the war in Ukraine are aimed at isolating Moscow economically, financially and diplomatically.
Earlier, the US also introduced a new package of sanctions in coordination with the G-7 and European allies. They included a complete blockade of two of Russia’s largest banks, Sberbank and Alfa Bank, as well as major Russian state – owned enterprises; banning all new investment in Russia, and Russia’s ability to make debt payments with funds under US jurisdiction.
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