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EU Imposes New Sanctions on Russia Targeting Energy Exports Amid Ongoing Conflict

Summary

The European Union announced new sanctions on Russia today, focusing on restricting energy exports and financial transactions. These measures aim to pressure Moscow over its action

The European Union announced new sanctions on Russia today, focusing on restricting energy exports and financial transactions. These measures aim to pressure Moscow over its actions in Ukraine. The sanctions include a ban on importing Russian coal and limits on investments in Russian energy infrastructure. According to Reuters, the EU expects these restrictions to reduce Russia’s energy revenue by approximately 15% this year. EU officials emphasized the sanctions are coordinated with G7 partners to maximize impact. Russia condemned the move as “unjustified” and warned of retaliatory steps.
1d agoVerified by Kanchan
EU Imposes New Sanctions on Russia Targeting Energy Exports Amid Ongoing Conflict

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