The EU announces the fifth package of sanctions against russia in response to atrocities in Bucha
The EU has announced the fifth package of sanctions against russia in response to the atrocities in Bucha.
This was announced by the President of the European Commission Ursula von der Leyen.
It included a coal embargo against the aggressor and a ban on transactions with four leading russian banks.
She stressed that after the publication of information about the atrocities of the russians in Bucha, the bloc should strengthen sanctions against russia in the form of the fifth package of restrictive measures.
Despite all calls, the EU has failed to disconnect most Russian banks from SWIFT or the oil and gas embargo against the aggressor country.
The fifth package consists of six parts. First, the EU bans russian imports of coal, which will cost Russia $4 billion a year. The bloc is also banning transactions with russia's four largest banks, including VTB Bank. Together, they make up 23% of the Russian market.
Further, the EU is banning russian ships and operators from entering the ports of the bloc. But there is a long list of exceptions: agricultural products and food, humanitarian and energy goods. The bloc also bans russian and belarusian transport operators, which von der Leyen says will deprive Russian industry of key goods.
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