The EU is preparing a new sanctions package on Russia

24/11/2022 19:49:18 PM   Aniruddha Chakraborty         135

BY A STAFF REPORTER: The European Union is preparing a ninth package of sanctions against Russia following Moscow’s latest barrage of strikes on Ukraine, President of the European Commission Ursula von der Leyen said Thursday. “We are working hard to hit Russia where it hurts to blunt even further its capacity to wage war on Ukraine and I can announce today that we are working full speed on a ninth sanctions package,” von der Leyen told a news conference in Espoo, Finland. Von der Leyen added she was “confident that we will very soon approve a global price cap on Russian oil with the G7 and other major partners,” after the West’s biggest economies agreed in September to impose a cap to reduce Moscow’s ability to fund its war. “We will not rest until Ukraine has prevailed over Putin and his unlawful and barbaric war," she continued.

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