Ursula von der Leyen, President of the European Union (EU) Commission, announced that they will impose an import ban of 4 billion euros a year on coal imports from Russia.
Ursula von der Leyen, President of the European Union (EU) Commission, announced that they will impose an import ban of 4 billion euros a year on coal imports from Russia.
Von der Leyen announced the 5th package of sanctions to be implemented against Russia.
Von der Leyen stated that they will impose an annual import ban of 4 billion euros on coal imports from Russia, and that a full transaction ban will be placed on four important Russian banks, including VTB, Russia's second largest bank .
Von der Leyen said, “These four banks, which we have now completely cut off from the market, represent 23 percent of the market share in the Russian banking sector. This will further weaken Russia's financial system.' used the phrases.
Von der Leyen stated that the ban on the access of vessels owned and operated by Russia to EU ports will also be included in the package, adding that they will also propose a ban to Russian and Belarusian road transport operators, and that this ban will greatly limit the options for Russian industry to acquire essential goods.
Von der Leyen announced that they will also introduce additional 10 billion euros worth of export bans targeting Russia's technological base, adding some special new deals worth 5.5 billion euros to cut the flow of money from Russia and its oligarchs in products from wood to cement, from seafood to liquor. announced that import bans would be implemented.
In his statement, von der Leyen said, 'We are taking a number of measures, such as a general EU ban on the participation of Russian companies in public procurement in member states. We are taking a series of very targeted measures, such as cutting off all financial support to Russian public institutions.' used the phrases.
EU High Representative for Foreign Relations and Security Policy Josep Borrell also announced that some Russian diplomats were declared persona non grata on the grounds that they violated their diplomatic status.
It was reported that von der Leyen and Borrell would travel to Kiev within the week.