The EU’s 6th package of sanctions against Russia will target the banking and energy sectors

Target sanctions package against Russia The above is to increase pressure on Russia related to its military campaign in Ukraine.

In an interview with the German press, the President of the European Commission said, 6th package of sanctions of the European Union will target the banking sector, specifically Russia’s largest bank Sberbank, which accounts for 37% of Russia’s banking activities.

In addition, restrictive measures targeting the Russian energy sector are also being discussed by the European Commission. Accordingly, the EC is developing “flexible mechanisms” that will allow Russian oil to be included in the next package of sanctions.

Up to now, the European Union has imposed 5 sanctions packages on Russia, including an embargo on coal, a ban on exports of goods worth 10 billion euros to Russia and an asset freeze of one country. banks in this country.

European Commission (EC) President Ursula von der Leyen. (Photo: AP)

The European Union is also expanding its ban on imports from Russia, including key raw materials and equipment with an estimated value of €5.5 billion a year.

Before the President of the European Commission announced the consideration of imposing sanctions on Sberbank, this bank and Gazprombank were one of the main intermediaries for European countries to pay for oil and gas. of Russia.

Over the weekend, a representative of the Economic Cooperation Department of the Russian Foreign Ministry said that Russia still has some retaliatory measures but has no intention of entering a “punitive war” with other countries. This is because sanctions are a double-edged sword and the country imposing the sanctions can suffer even more damage.

On April 17, the Central Bank of Russia said that Russia had cut its dollar reserves before launching a military operation in Ukraine, asserting that the country had enough gold reserves and reserves of renminbi at any time. accept the impact of the sanctions from the West.

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