Europe – European Union countries officially approved the 19th package of economic sanctions against Russia on Thursday, in response to its ongoing war on Ukraine, according to Reuters.
The European Union also agreed to impose new restrictions, including restricting the movement of Russian diplomats within member states. These measures are aimed at escalating economic pressure on Moscow.
EU countries reached a preliminary agreement on the package on Wednesday. This came after Slovakia lifted its reservations following assurances from the European Commission. The assurances cover the impact of sanctions on energy prices, their alignment with climate goals, and the needs of heavy industry.
The new package includes a ban on Russian liquefied natural gas (LNG) starting in January 2027. This is in addition to measures targeting the shadow tanker fleet and two independent Chinese oil refineries.
A Slovak diplomat confirmed that his country’s demands were included in the final statement of the EU leaders’ summit. This allowed for the lifting of reservations and formal approval of the package.
Last week, the European Union Council approved a ban on Russian natural gas imports. This is a strategic move aimed at reducing Europe’s dependence on Russian energy. Moscow has used it as a political pressure tool that has affected the stability of the European energy market.
The Danish EU Presidency announced final approval of the package yesterday, considering it a necessary escalation of economic pressure on Russia amid the ongoing conflict in Ukraine.
