EU plans wider sanctions on Russia
The European Union is seeking to substantially expand sanctions on Russia during the fall, with the potential to increase the number of individuals and companies subject to sanctions by a third, in an effort to pressure Moscow to end the war in Ukraine. EU Foreign Policy Chief, Ursula von der Leyen, stated that current sanctions have cost Russia's war machine over one trillion euros and are impacting sectors such as finance and energy, in addition to banning Russian soldiers from entering the Union. This move is part of the EU's broader efforts to increase pressure on Russia, which has threatened global food supplies through attacks on grain ships in the Black Sea. Since the beginning of the conflict in February 2022, the European Union has approved 21 rounds of sanctions against Russia, the most recent of which was in July.
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