international

EU Imposes New Trade Sanctions on Russia Amid Ongoing Conflict

Summary

The European Union announced new trade sanctions against Russia today, targeting key sectors including energy and technology. The measures aim to restrict Russia’s access to advanc

The European Union announced new trade sanctions against Russia today, targeting key sectors including energy and technology. The measures aim to restrict Russia’s access to advanced semiconductor components and limit imports of Russian oil by 20% over the next six months. This move follows escalating tensions related to the conflict in Eastern Europe. The EU’s trade commissioner stated that these sanctions are designed to pressure Russia economically while minimizing disruptions to global markets. According to Bloomberg, the sanctions also include tighter export controls and financial restrictions on Russian entities. Analysts warn that these steps could further strain EU-Russia trade relations and impact global supply chains.
Feb 15
EU Imposes New Trade Sanctions on Russia Amid Ongoing Conflict

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