The EU is contemplating new sanctions against Russian banks and energy companies to pressure President Vladimir Putin to end the war in Ukraine. This potential 19th sanctions package may target Russia's payment systems and cryptocurrency exchanges, alongside stricter measures on oil trade. The EU aims to coordinate some sanctions with the Trump administration, as an EU delegation prepares to meet U.S. counterparts in Washington, D.C.
EU Considers New Sanctions on Russian Banks and Energy Firms
EU Considers New Sanctions on Russian Banks and Energy Firms
The EU is contemplating imposing new sanctions on several Russian banks and energy companies to increase pressure on Russia's President Vladimir Putin to end the war against neighboring Ukraine, reports Bloomberg, citing sources.
This could become the 19th sanctions package against Russia since the full-scale invasion of Ukraine began in 2022. It may also target Russia's payment and credit card systems, as well as cryptocurrency exchanges. Additionally, the EU is considering stricter sanctions on Russia's oil trade, according to anonymous sources.
The EU, which is also considering new export bans on chemicals used by the Russian defense industry, hopes to coordinate some of the new sanctions with the Trump administration.
The news of potential new sanctions against Russia comes as an EU delegation is set to visit Washington, D.C., USA, this week to meet with American counterparts and discuss the possibility of joint measures.
President Donald Trump has indicated that the U.S. is also considering new sanctions against Russia.