EU to Deploy Wide-Ranging Russia Sanctions
The European Commission has approved broad sanctions against Russia, including restrictions on the banking sector and cryptocurrency networks, aimed at increasing pressure until Moscow ends its war in Ukraine. Commissioner Calas expects that the sanctions will be expanded during the fall to include a one-third increase in the number of Russian entities subject to sanctions, following the current measures that have deprived Russia of more than one trillion euros, in an effort to intensify pressure to achieve that goal.
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