العربيةESPРУСDEFR Where to watch Schedule RT Shop RT News AppالعربيةESPРУСDEFR Where to watch Schedule RT Shop RT News App QUESTION MORE LIVE Russia Former Soviet Union World News Business Sport Op-ed Games Entertainment Shows Projects UKRAINE READY TO DISCUSS NEUTRALITY, ZELENSKY SAYS EU says new sanctions will strip Russia of 'prosperous future' EU says new sanctions will strip Russia of 'prosperous future' Explosions over Kiev result of missile interception – Ukrainian official Anonymous declare 'cyber war' against Russia Zelensky orders general mobilization Macron reveals details of call with Putin Hundreds detained at anti-war protests in Russia UK outlines efforts to cut Russia from SWIFT UK outlines efforts to cut Russia from SWIFT US 'prepared' to take Ukrainian refugees US 'prepared' to take Ukrainian refugees Australia and Japan announce new Russia sanctions Australia and Japan announce new Russia sanctions Russian military attack on Ukraine: How we got there LIST Russian military attack on Ukraine: How we got there Biden reveals update on Russia and SWIFT Biden reveals update on Russia and SWIFT Macron calls Putin over Ukraine Macron calls Putin over Ukraine Kiev imposes nighttime curfew Kiev imposes nighttime curfew Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine ANALYSIS Ukrainian MPs call on Zelensky to start talks with Putin Ukrainian MPs call on Zelensky to start talks with Putin Videos purportedly show Russian offensive against Ukraine Military cargo aircraft crashes in Russia's south

OSCE evacuates international monitors from Ukraine OSCE evacuates international monitors from Ukraine Erdogan takes stance on Russia's Ukraine offensive Erdogan takes stance on Russia's Ukraine offensive Shock Djokovic defeat makes Medvedev tennis king Shock Djokovic defeat makes Medvedev tennis king Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Biden orders 7,000 US troops to Germany amid Ukraine crisis Russia reports loss of warplane in Ukraine Leonid Gankin: War between Russia Ukraine would be a nightmare Leonid Gankin: War between Russia Ukraine would be a nightmare ANALYSIS Top stories Biden has 'no plans' to talk to Putin Biden has 'no plans' to talk to Putin Moscow claims this is culmination of 8 year Ukrainian war 'Complete rupture' in US-Russia relations – Biden Biden imposes 'long-term impact' sanctions on Russia over Ukraine Russia ready to negotiate with Ukraine – Kremlin Switzerland sanctions Russian banks, politicians Russian troops seize Chernobyl nuclear power plant – Kiev NATO activating 'defense plans' for allies – Stoltenberg Op-Ed Calls to ban RT in UK show what politicians really think of free speech Calls to ban RT in UK show what politicians really think of free speech Lee Camp: How US government was bought for $14.4bn Why a war may be the only solution Americans can bring to this conflict If Le Pen falls out of the race, Macron's presidency may be on knife edge After Covid, we must embrace critical thinking again Why isn't America listening to the advice on NATO expansion of its foremost 20th century expert on Russia? Now meat eaters stand accused of sexism and racism The unlikely nation now at the centre of US-China tensions EU leaders warn Russia of 'massive consequences' EU leaders warn Russia of 'massive consequences' 'War criminals' go straight to hell, Ukrainian UN ambassador tells Russia Ukrainian airspace shuts down for civilian aircraft IOC claims Russia has broken UN-backed Olympic Truce Navalny condemns war against Ukraine Navalny condemns war against Ukraine China comments on Russian operation in Ukraine Foreign officials resign from boards of Russian corporations Telegram experiencing outages in Europe How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right FEATURE Putin will decide when Ukraine offensive ends – Kremlin Putin will decide when Ukraine offensive ends – Kremlin Ukraine crisis sends global markets plummeting Ukraine crisis sends global markets plummeting Ukraine cuts diplomatic ties with Russia Ukraine cuts diplomatic ties with Russia Oil breaches $105 as Russia-Ukraine conflict intensifies Oil breaches $105 as Russia-Ukraine conflict intensifies

Ukraine ready to discuss neutrality, Zelensky says Ukraine ready to discuss neutrality, Zelensky says Britain would support Ukraine's government in exile – Johnson Britain would support Ukraine's government in exile – Johnson FIFA chief reacts to pressure over Russia's World Cup campaign FIFA chief reacts to pressure over Russia's World Cup campaign Kyle Rittenhouse teases LeBron James lawsuit Kyle Rittenhouse teases LeBron James lawsuit Countries sign off on Airbus military drone program Countries sign off on Airbus military drone program UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot Ukraine evacuating Moscow embassy Ukraine evacuating Moscow embassy Iran claims NATO provoked Russia Iran claims NATO provoked Russia MORE العربية ESP РУС DE FR RT News App

Search News Russia Former Soviet Union Business Sport Op-ed Games Entertainment Shows Projects RT Play Live Applications Where to watch Schedule Sponsored content On-Air Talent Terms of Use Privacy policy About RT Contact info Feedback Complaints Vacancies Autonomous Nonprofit Organization "TV-Novosti", 2005–2022. All rights reserved.

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25 Feb, 2022 05:15 HomeRussia FSU EU says new sanctions will strip Russia of 'prosperous future' The bloc says it will be imposing measures on 70% of Russia's banking industry in response to military action in Ukraine EU says new sanctions will strip Russia of 'prosperous future' European Commission headquarters in Brussels, Belgium, October 2020 Getty Images / Nicolas Economou; NurPhoto The European Union (EU) has announced sanctions aimed at derailing Russia's oil, banking, technology, and airline industries. The move would also target the Russian elite's money in Europe, stripping diplomats and business-people of preferential access to the EU.

In response to Russia's military attack on Ukraine, European Commission President Ursula von der Leyen on Thursday announced a package of sanctions with the stated goal of cutting "Russia's access to the most important capital markets."

"We are now targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defense, and these sanctions will increase Russia's borrowing costs, raise inflation, and gradually erode Russia's industrial base," von der Leyen declared on Thursday, revealing that the EU was "also targeting the Russian elite by curbing their deposits so that they cannot hide their money anymore in safe havens in Europe."

Financial sanctions, technology curbs and visa restrictions.European Commission President Ursula von der Leyen outlines the bloc's sanctions on Russia for attacking Ukraine https/t.co/rkelnKw5d8pic./fvVpUjsNs4

العربيةESPРУСDEFR Where to watch Schedule RT Shop RT News App QUESTION MORE LIVE Russia Former Soviet Union World News Business Sport Op-ed Games Entertainment Shows Projects UKRAINE READY TO DISCUSS NEUTRALITY, ZELENSKY SAYS EU says new sanctions will strip Russia of 'prosperous future' EU says new sanctions will strip Russia of 'prosperous future' Explosions over Kiev result of missile interception – Ukrainian official Anonymous declare 'cyber war' against Russia Zelensky orders general mobilization Macron reveals details of call with Putin Hundreds detained at anti-war protests in Russia UK outlines efforts to cut Russia from SWIFT UK outlines efforts to cut Russia from SWIFT US 'prepared' to take Ukrainian refugees US 'prepared' to take Ukrainian refugees Australia and Japan announce new Russia sanctions Australia and Japan announce new Russia sanctions Russian military attack on Ukraine: How we got there LIST Russian military attack on Ukraine: How we got there Biden reveals update on Russia and SWIFT Biden reveals update on Russia and SWIFT Macron calls Putin over Ukraine Macron calls Putin over Ukraine Kiev imposes nighttime curfew Kiev imposes nighttime curfew Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine ANALYSIS Ukrainian MPs call on Zelensky to start talks with Putin Ukrainian MPs call on Zelensky to start talks with Putin Videos purportedly show Russian offensive against Ukraine Military cargo aircraft crashes in Russia's south

OSCE evacuates international monitors from Ukraine OSCE evacuates international monitors from Ukraine Erdogan takes stance on Russia's Ukraine offensive Erdogan takes stance on Russia's Ukraine offensive Shock Djokovic defeat makes Medvedev tennis king Shock Djokovic defeat makes Medvedev tennis king Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Biden orders 7,000 US troops to Germany amid Ukraine crisis Russia reports loss of warplane in Ukraine Leonid Gankin: War between Russia Ukraine would be a nightmare Leonid Gankin: War between Russia Ukraine would be a nightmare ANALYSIS Top stories Biden has 'no plans' to talk to Putin Biden has 'no plans' to talk to Putin Moscow claims this is culmination of 8 year Ukrainian war 'Complete rupture' in US-Russia relations – Biden Biden imposes 'long-term impact' sanctions on Russia over Ukraine Russia ready to negotiate with Ukraine – Kremlin Switzerland sanctions Russian banks, politicians Russian troops seize Chernobyl nuclear power plant – Kiev NATO activating 'defense plans' for allies – Stoltenberg Op-Ed Calls to ban RT in UK show what politicians really think of free speech Calls to ban RT in UK show what politicians really think of free speech Lee Camp: How US government was bought for $14.4bn Why a war may be the only solution Americans can bring to this conflict If Le Pen falls out of the race, Macron's presidency may be on knife edge After Covid, we must embrace critical thinking again Why isn't America listening to the advice on NATO expansion of its foremost 20th century expert on Russia? Now meat eaters stand accused of sexism and racism The unlikely nation now at the centre of US-China tensions EU leaders warn Russia of 'massive consequences' EU leaders warn Russia of 'massive consequences' 'War criminals' go straight to hell, Ukrainian UN ambassador tells Russia Ukrainian airspace shuts down for civilian aircraft IOC claims Russia has broken UN-backed Olympic Truce Navalny condemns war against Ukraine Navalny condemns war against Ukraine China comments on Russian operation in Ukraine Foreign officials resign from boards of Russian corporations Telegram experiencing outages in Europe How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right FEATURE Putin will decide when Ukraine offensive ends – Kremlin Putin will decide when Ukraine offensive ends – Kremlin Ukraine crisis sends global markets plummeting Ukraine crisis sends global markets plummeting Ukraine cuts diplomatic ties with Russia Ukraine cuts diplomatic ties with Russia Oil breaches $105 as Russia-Ukraine conflict intensifies Oil breaches $105 as Russia-Ukraine conflict intensifies

Ukraine ready to discuss neutrality, Zelensky says Ukraine ready to discuss neutrality, Zelensky says Britain would support Ukraine's government in exile – Johnson Britain would support Ukraine's government in exile – Johnson FIFA chief reacts to pressure over Russia's World Cup campaign FIFA chief reacts to pressure over Russia's World Cup campaign Kyle Rittenhouse teases LeBron James lawsuit Kyle Rittenhouse teases LeBron James lawsuit Countries sign off on Airbus military drone program Countries sign off on Airbus military drone program UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot Ukraine evacuating Moscow embassy Ukraine evacuating Moscow embassy Iran claims NATO provoked Russia Iran claims NATO provoked Russia MORE العربية ESP РУС DE FR RT News App

Search News Russia Former Soviet Union Business Sport Op-ed Games Entertainment Shows Projects RT Play Live Applications Where to watch Schedule Sponsored content On-Air Talent Terms of Use Privacy policy About RT Contact info Feedback Complaints Vacancies Autonomous Nonprofit Organization "TV-Novosti", 2005–2022. All rights reserved.

This website uses cookies. Read RT Privacy policy to find out more.

25 Feb, 2022 05:15 HomeRussia FSU EU says new sanctions will strip Russia of 'prosperous future' The bloc says it will be imposing measures on 70% of Russia's banking industry in response to military action in Ukraine EU says new sanctions will strip Russia of 'prosperous future' European Commission headquarters in Brussels, Belgium, October 2020 Getty Images / Nicolas Economou; NurPhoto The European Union (EU) has announced sanctions aimed at derailing Russia's oil, banking, technology, and airline industries. The move would also target the Russian elite's money in Europe, stripping diplomats and business-people of preferential access to the EU.

In response to Russia's military attack on Ukraine, European Commission President Ursula von der Leyen on Thursday announced a package of sanctions with the stated goal of cutting "Russia's access to the most important capital markets."

"We are now targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defense, and these sanctions will increase Russia's borrowing costs, raise inflation, and gradually erode Russia's industrial base," von der Leyen declared on Thursday, revealing that the EU was "also targeting the Russian elite by curbing their deposits so that they cannot hide their money anymore in safe havens in Europe."

Financial sanctions, technology curbs and visa restrictions.European Commission President Ursula von der Leyen outlines the bloc's sanctions on Russia for attacking Ukraine https/t.co/rkelnKw5d8pic./fvVpUjsNs4

— Bloomberg Quicktake (@Quicktake) February 25, 2022 The European Union will also work to make it "impossible for Russia to upgrade its oil refineries" and to "ban the sale of all aircraft spare parts and equipment to Russian airlines" in an effort to "degrade the key sector of Russia's economy and the country's connectivity," von der Leyen revealed, noting that "three-quarters of Russia's current commercial fleets were built in the European Union, the US, and Canada."

العربيةESPРУСDEFR Where to watch Schedule RT Shop RT News App QUESTION MORE LIVE Russia Former Soviet Union World News Business Sport Op-ed Games Entertainment Shows Projects UKRAINE READY TO DISCUSS NEUTRALITY, ZELENSKY SAYS EU says new sanctions will strip Russia of 'prosperous future' EU says new sanctions will strip Russia of 'prosperous future' Explosions over Kiev result of missile interception – Ukrainian official Anonymous declare 'cyber war' against Russia Zelensky orders general mobilization Macron reveals details of call with Putin Hundreds detained at anti-war protests in Russia UK outlines efforts to cut Russia from SWIFT UK outlines efforts to cut Russia from SWIFT US 'prepared' to take Ukrainian refugees US 'prepared' to take Ukrainian refugees Australia and Japan announce new Russia sanctions Australia and Japan announce new Russia sanctions Russian military attack on Ukraine: How we got there LIST Russian military attack on Ukraine: How we got there Biden reveals update on Russia and SWIFT Biden reveals update on Russia and SWIFT Macron calls Putin over Ukraine Macron calls Putin over Ukraine Kiev imposes nighttime curfew Kiev imposes nighttime curfew Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine ANALYSIS Ukrainian MPs call on Zelensky to start talks with Putin Ukrainian MPs call on Zelensky to start talks with Putin Videos purportedly show Russian offensive against Ukraine Military cargo aircraft crashes in Russia's south

OSCE evacuates international monitors from Ukraine OSCE evacuates international monitors from Ukraine Erdogan takes stance on Russia's Ukraine offensive Erdogan takes stance on Russia's Ukraine offensive Shock Djokovic defeat makes Medvedev tennis king Shock Djokovic defeat makes Medvedev tennis king Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Biden orders 7,000 US troops to Germany amid Ukraine crisis Russia reports loss of warplane in Ukraine Leonid Gankin: War between Russia Ukraine would be a nightmare Leonid Gankin: War between Russia Ukraine would be a nightmare ANALYSIS Top stories Biden has 'no plans' to talk to Putin Biden has 'no plans' to talk to Putin Moscow claims this is culmination of 8 year Ukrainian war 'Complete rupture' in US-Russia relations – Biden Biden imposes 'long-term impact' sanctions on Russia over Ukraine Russia ready to negotiate with Ukraine – Kremlin Switzerland sanctions Russian banks, politicians Russian troops seize Chernobyl nuclear power plant – Kiev NATO activating 'defense plans' for allies – Stoltenberg Op-Ed Calls to ban RT in UK show what politicians really think of free speech Calls to ban RT in UK show what politicians really think of free speech Lee Camp: How US government was bought for $14.4bn Why a war may be the only solution Americans can bring to this conflict If Le Pen falls out of the race, Macron's presidency may be on knife edge After Covid, we must embrace critical thinking again Why isn't America listening to the advice on NATO expansion of its foremost 20th century expert on Russia? Now meat eaters stand accused of sexism and racism The unlikely nation now at the centre of US-China tensions EU leaders warn Russia of 'massive consequences' EU leaders warn Russia of 'massive consequences' 'War criminals' go straight to hell, Ukrainian UN ambassador tells Russia Ukrainian airspace shuts down for civilian aircraft IOC claims Russia has broken UN-backed Olympic Truce Navalny condemns war against Ukraine Navalny condemns war against Ukraine China comments on Russian operation in Ukraine Foreign officials resign from boards of Russian corporations Telegram experiencing outages in Europe How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right FEATURE Putin will decide when Ukraine offensive ends – Kremlin Putin will decide when Ukraine offensive ends – Kremlin Ukraine crisis sends global markets plummeting Ukraine crisis sends global markets plummeting Ukraine cuts diplomatic ties with Russia Ukraine cuts diplomatic ties with Russia Oil breaches $105 as Russia-Ukraine conflict intensifies Oil breaches $105 as Russia-Ukraine conflict intensifies

Ukraine ready to discuss neutrality, Zelensky says Ukraine ready to discuss neutrality, Zelensky says Britain would support Ukraine's government in exile – Johnson Britain would support Ukraine's government in exile – Johnson FIFA chief reacts to pressure over Russia's World Cup campaign FIFA chief reacts to pressure over Russia's World Cup campaign Kyle Rittenhouse teases LeBron James lawsuit Kyle Rittenhouse teases LeBron James lawsuit Countries sign off on Airbus military drone program Countries sign off on Airbus military drone program UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot Ukraine evacuating Moscow embassy Ukraine evacuating Moscow embassy Iran claims NATO provoked Russia Iran claims NATO provoked Russia MORE العربية ESP РУС DE FR RT News App

Search News Russia Former Soviet Union Business Sport Op-ed Games Entertainment Shows Projects RT Play Live Applications Where to watch Schedule Sponsored content On-Air Talent Terms of Use Privacy policy About RT Contact info Feedback Complaints Vacancies Autonomous Nonprofit Organization "TV-Novosti", 2005–2022. All rights reserved.

This website uses cookies. Read RT Privacy policy to find out more.

25 Feb, 2022 05:15 HomeRussia FSU EU says new sanctions will strip Russia of 'prosperous future' The bloc says it will be imposing measures on 70% of Russia's banking industry in response to military action in Ukraine EU says new sanctions will strip Russia of 'prosperous future' European Commission headquarters in Brussels, Belgium, October 2020 Getty Images / Nicolas Economou; NurPhoto The European Union (EU) has announced sanctions aimed at derailing Russia's oil, banking, technology, and airline industries. The move would also target the Russian elite's money in Europe, stripping diplomats and business-people of preferential access to the EU.

In response to Russia's military attack on Ukraine, European Commission President Ursula von der Leyen on Thursday announced a package of sanctions with the stated goal of cutting "Russia's access to the most important capital markets."

"We are now targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defense, and these sanctions will increase Russia's borrowing costs, raise inflation, and gradually erode Russia's industrial base," von der Leyen declared on Thursday, revealing that the EU was "also targeting the Russian elite by curbing their deposits so that they cannot hide their money anymore in safe havens in Europe."

Financial sanctions, technology curbs and visa restrictions.European Commission President Ursula von der Leyen outlines the bloc's sanctions on Russia for attacking Ukraine https/t.co/rkelnKw5d8pic./fvVpUjsNs4

— Bloomberg Quicktake (@Quicktake) February 25, 2022 The European Union will also work to make it "impossible for Russia to upgrade its oil refineries" and to "ban the sale of all aircraft spare parts and equipment to Russian airlines" in an effort to "degrade the key sector of Russia's economy and the country's connectivity," von der Leyen revealed, noting that "three-quarters of Russia's current commercial fleets were built in the European Union, the US, and Canada."

العربيةESPРУСDEFR Where to watch Schedule RT Shop RT News App QUESTION MORE LIVE Russia Former Soviet Union World News Business Sport Op-ed Games Entertainment Shows Projects UKRAINE READY TO DISCUSS NEUTRALITY, ZELENSKY SAYS EU says new sanctions will strip Russia of 'prosperous future' EU says new sanctions will strip Russia of 'prosperous future' Explosions over Kiev result of missile interception – Ukrainian official Anonymous declare 'cyber war' against Russia Zelensky orders general mobilization Macron reveals details of call with Putin Hundreds detained at anti-war protests in Russia UK outlines efforts to cut Russia from SWIFT UK outlines efforts to cut Russia from SWIFT US 'prepared' to take Ukrainian refugees US 'prepared' to take Ukrainian refugees Australia and Japan announce new Russia sanctions Australia and Japan announce new Russia sanctions Russian military attack on Ukraine: How we got there LIST Russian military attack on Ukraine: How we got there Biden reveals update on Russia and SWIFT Biden reveals update on Russia and SWIFT Macron calls Putin over Ukraine Macron calls Putin over Ukraine Kiev imposes nighttime curfew Kiev imposes nighttime curfew Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine ANALYSIS Ukrainian MPs call on Zelensky to start talks with Putin Ukrainian MPs call on Zelensky to start talks with Putin Videos purportedly show Russian offensive against Ukraine Military cargo aircraft crashes in Russia's south

OSCE evacuates international monitors from Ukraine OSCE evacuates international monitors from Ukraine Erdogan takes stance on Russia's Ukraine offensive Erdogan takes stance on Russia's Ukraine offensive Shock Djokovic defeat makes Medvedev tennis king Shock Djokovic defeat makes Medvedev tennis king Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Biden orders 7,000 US troops to Germany amid Ukraine crisis Russia reports loss of warplane in Ukraine Leonid Gankin: War between Russia Ukraine would be a nightmare Leonid Gankin: War between Russia Ukraine would be a nightmare ANALYSIS Top stories Biden has 'no plans' to talk to Putin Biden has 'no plans' to talk to Putin Moscow claims this is culmination of 8 year Ukrainian war 'Complete rupture' in US-Russia relations – Biden Biden imposes 'long-term impact' sanctions on Russia over Ukraine Russia ready to negotiate with Ukraine – Kremlin Switzerland sanctions Russian banks, politicians Russian troops seize Chernobyl nuclear power plant – Kiev NATO activating 'defense plans' for allies – Stoltenberg Op-Ed Calls to ban RT in UK show what politicians really think of free speech Calls to ban RT in UK show what politicians really think of free speech Lee Camp: How US government was bought for $14.4bn Why a war may be the only solution Americans can bring to this conflict If Le Pen falls out of the race, Macron's presidency may be on knife edge After Covid, we must embrace critical thinking again Why isn't America listening to the advice on NATO expansion of its foremost 20th century expert on Russia? Now meat eaters stand accused of sexism and racism The unlikely nation now at the centre of US-China tensions EU leaders warn Russia of 'massive consequences' EU leaders warn Russia of 'massive consequences' 'War criminals' go straight to hell, Ukrainian UN ambassador tells Russia Ukrainian airspace shuts down for civilian aircraft IOC claims Russia has broken UN-backed Olympic Truce Navalny condemns war against Ukraine Navalny condemns war against Ukraine China comments on Russian operation in Ukraine Foreign officials resign from boards of Russian corporations Telegram experiencing outages in Europe How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right FEATURE Putin will decide when Ukraine offensive ends – Kremlin Putin will decide when Ukraine offensive ends – Kremlin Ukraine crisis sends global markets plummeting Ukraine crisis sends global markets plummeting Ukraine cuts diplomatic ties with Russia Ukraine cuts diplomatic ties with Russia Oil breaches $105 as Russia-Ukraine conflict intensifies Oil breaches $105 as Russia-Ukraine conflict intensifies

Ukraine ready to discuss neutrality, Zelensky says Ukraine ready to discuss neutrality, Zelensky says Britain would support Ukraine's government in exile – Johnson Britain would support Ukraine's government in exile – Johnson FIFA chief reacts to pressure over Russia's World Cup campaign FIFA chief reacts to pressure over Russia's World Cup campaign Kyle Rittenhouse teases LeBron James lawsuit Kyle Rittenhouse teases LeBron James lawsuit Countries sign off on Airbus military drone program Countries sign off on Airbus military drone program UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot Ukraine evacuating Moscow embassy Ukraine evacuating Moscow embassy Iran claims NATO provoked Russia Iran claims NATO provoked Russia MORE العربية ESP РУС DE FR RT News App

Search News Russia Former Soviet Union Business Sport Op-ed Games Entertainment Shows Projects RT Play Live Applications Where to watch Schedule Sponsored content On-Air Talent Terms of Use Privacy policy About RT Contact info Feedback Complaints Vacancies Autonomous Nonprofit Organization "TV-Novosti", 2005–2022. All rights reserved.

This website uses cookies. Read RT Privacy policy to find out more.

25 Feb, 2022 05:15 HomeRussia FSU EU says new sanctions will strip Russia of 'prosperous future' The bloc says it will be imposing measures on 70% of Russia's banking industry in response to military action in Ukraine EU says new sanctions will strip Russia of 'prosperous future' European Commission headquarters in Brussels, Belgium, October 2020 Getty Images / Nicolas Economou; NurPhoto The European Union (EU) has announced sanctions aimed at derailing Russia's oil, banking, technology, and airline industries. The move would also target the Russian elite's money in Europe, stripping diplomats and business-people of preferential access to the EU.

In response to Russia's military attack on Ukraine, European Commission President Ursula von der Leyen on Thursday announced a package of sanctions with the stated goal of cutting "Russia's access to the most important capital markets."

"We are now targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defense, and these sanctions will increase Russia's borrowing costs, raise inflation, and gradually erode Russia's industrial base," von der Leyen declared on Thursday, revealing that the EU was "also targeting the Russian elite by curbing their deposits so that they cannot hide their money anymore in safe havens in Europe."

Financial sanctions, technology curbs and visa restrictions.European Commission President Ursula von der Leyen outlines the bloc's sanctions on Russia for attacking Ukraine https/t.co/rkelnKw5d8pic./fvVpUjsNs4

— Bloomberg Quicktake (@Quicktake) February 25, 2022 The European Union will also work to make it "impossible for Russia to upgrade its oil refineries" and to "ban the sale of all aircraft spare parts and equipment to Russian airlines" in an effort to "degrade the key sector of Russia's economy and the country's connectivity," von der Leyen revealed, noting that "three-quarters of Russia's current commercial fleets were built in the European Union, the US, and Canada."

العربيةESPРУСDEFR Where to watch Schedule RT Shop RT News App QUESTION MORE LIVE Russia Former Soviet Union World News Business Sport Op-ed Games Entertainment Shows Projects UKRAINE READY TO DISCUSS NEUTRALITY, ZELENSKY SAYS EU says new sanctions will strip Russia of 'prosperous future' EU says new sanctions will strip Russia of 'prosperous future' Explosions over Kiev result of missile interception – Ukrainian official Anonymous declare 'cyber war' against Russia Zelensky orders general mobilization Macron reveals details of call with Putin Hundreds detained at anti-war protests in Russia UK outlines efforts to cut Russia from SWIFT UK outlines efforts to cut Russia from SWIFT US 'prepared' to take Ukrainian refugees US 'prepared' to take Ukrainian refugees Australia and Japan announce new Russia sanctions Australia and Japan announce new Russia sanctions Russian military attack on Ukraine: How we got there LIST Russian military attack on Ukraine: How we got there Biden reveals update on Russia and SWIFT Biden reveals update on Russia and SWIFT Macron calls Putin over Ukraine Macron calls Putin over Ukraine Kiev imposes nighttime curfew Kiev imposes nighttime curfew Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine ANALYSIS Ukrainian MPs call on Zelensky to start talks with Putin Ukrainian MPs call on Zelensky to start talks with Putin Videos purportedly show Russian offensive against Ukraine Military cargo aircraft crashes in Russia's south

OSCE evacuates international monitors from Ukraine OSCE evacuates international monitors from Ukraine Erdogan takes stance on Russia's Ukraine offensive Erdogan takes stance on Russia's Ukraine offensive Shock Djokovic defeat makes Medvedev tennis king Shock Djokovic defeat makes Medvedev tennis king Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Biden orders 7,000 US troops to Germany amid Ukraine crisis Russia reports loss of warplane in Ukraine Leonid Gankin: War between Russia Ukraine would be a nightmare Leonid Gankin: War between Russia Ukraine would be a nightmare ANALYSIS Top stories Biden has 'no plans' to talk to Putin Biden has 'no plans' to talk to Putin Moscow claims this is culmination of 8 year Ukrainian war 'Complete rupture' in US-Russia relations – Biden Biden imposes 'long-term impact' sanctions on Russia over Ukraine Russia ready to negotiate with Ukraine – Kremlin Switzerland sanctions Russian banks, politicians Russian troops seize Chernobyl nuclear power plant – Kiev NATO activating 'defense plans' for allies – Stoltenberg Op-Ed Calls to ban RT in UK show what politicians really think of free speech Calls to ban RT in UK show what politicians really think of free speech Lee Camp: How US government was bought for $14.4bn Why a war may be the only solution Americans can bring to this conflict If Le Pen falls out of the race, Macron's presidency may be on knife edge After Covid, we must embrace critical thinking again Why isn't America listening to the advice on NATO expansion of its foremost 20th century expert on Russia? Now meat eaters stand accused of sexism and racism The unlikely nation now at the centre of US-China tensions EU leaders warn Russia of 'massive consequences' EU leaders warn Russia of 'massive consequences' 'War criminals' go straight to hell, Ukrainian UN ambassador tells Russia Ukrainian airspace shuts down for civilian aircraft IOC claims Russia has broken UN-backed Olympic Truce Navalny condemns war against Ukraine Navalny condemns war against Ukraine China comments on Russian operation in Ukraine Foreign officials resign from boards of Russian corporations Telegram experiencing outages in Europe How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right FEATURE Putin will decide when Ukraine offensive ends – Kremlin Putin will decide when Ukraine offensive ends – Kremlin Ukraine crisis sends global markets plummeting Ukraine crisis sends global markets plummeting Ukraine cuts diplomatic ties with Russia Ukraine cuts diplomatic ties with Russia Oil breaches $105 as Russia-Ukraine conflict intensifies Oil breaches $105 as Russia-Ukraine conflict intensifies

Ukraine ready to discuss neutrality, Zelensky says Ukraine ready to discuss neutrality, Zelensky says Britain would support Ukraine's government in exile – Johnson Britain would support Ukraine's government in exile – Johnson FIFA chief reacts to pressure over Russia's World Cup campaign FIFA chief reacts to pressure over Russia's World Cup campaign Kyle Rittenhouse teases LeBron James lawsuit Kyle Rittenhouse teases LeBron James lawsuit Countries sign off on Airbus military drone program Countries sign off on Airbus military drone program UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot Ukraine evacuating Moscow embassy Ukraine evacuating Moscow embassy Iran claims NATO provoked Russia Iran claims NATO provoked Russia MORE العربية ESP РУС DE FR RT News App

Search News Russia Former Soviet Union Business Sport Op-ed Games Entertainment Shows Projects RT Play Live Applications Where to watch Schedule Sponsored content On-Air Talent Terms of Use Privacy policy About RT Contact info Feedback Complaints Vacancies Autonomous Nonprofit Organization "TV-Novosti", 2005–2022. All rights reserved.

This website uses cookies. Read RT Privacy policy to find out more.

25 Feb, 2022 05:15 HomeRussia FSU EU says new sanctions will strip Russia of 'prosperous future' The bloc says it will be imposing measures on 70% of Russia's banking industry in response to military action in Ukraine EU says new sanctions will strip Russia of 'prosperous future' European Commission headquarters in Brussels, Belgium, October 2020 Getty Images / Nicolas Economou; NurPhoto The European Union (EU) has announced sanctions aimed at derailing Russia's oil, banking, technology, and airline industries. The move would also target the Russian elite's money in Europe, stripping diplomats and business-people of preferential access to the EU.

In response to Russia's military attack on Ukraine, European Commission President Ursula von der Leyen on Thursday announced a package of sanctions with the stated goal of cutting "Russia's access to the most important capital markets."

"We are now targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defense, and these sanctions will increase Russia's borrowing costs, raise inflation, and gradually erode Russia's industrial base," von der Leyen declared on Thursday, revealing that the EU was "also targeting the Russian elite by curbing their deposits so that they cannot hide their money anymore in safe havens in Europe."

Financial sanctions, technology curbs and visa restrictions.European Commission President Ursula von der Leyen outlines the bloc's sanctions on Russia for attacking Ukraine https/t.co/rkelnKw5d8pic./fvVpUjsNs4

— Bloomberg Quicktake (@Quicktake) February 25, 2022 The European Union will also work to make it "impossible for Russia to upgrade its oil refineries" and to "ban the sale of all aircraft spare parts and equipment to Russian airlines" in an effort to "degrade the key sector of Russia's economy and the country's connectivity," von der Leyen revealed, noting that "three-quarters of Russia's current commercial fleets were built in the European Union, the US, and Canada."

العربيةESPРУСDEFR Where to watch Schedule RT Shop RT News App QUESTION MORE LIVE Russia Former Soviet Union World News Business Sport Op-ed Games Entertainment Shows Projects UKRAINE READY TO DISCUSS NEUTRALITY, ZELENSKY SAYS EU says new sanctions will strip Russia of 'prosperous future' EU says new sanctions will strip Russia of 'prosperous future' Explosions over Kiev result of missile interception – Ukrainian official Anonymous declare 'cyber war' against Russia Zelensky orders general mobilization Macron reveals details of call with Putin Hundreds detained at anti-war protests in Russia UK outlines efforts to cut Russia from SWIFT UK outlines efforts to cut Russia from SWIFT US 'prepared' to take Ukrainian refugees US 'prepared' to take Ukrainian refugees Australia and Japan announce new Russia sanctions Australia and Japan announce new Russia sanctions Russian military attack on Ukraine: How we got there LIST Russian military attack on Ukraine: How we got there Biden reveals update on Russia and SWIFT Biden reveals update on Russia and SWIFT Macron calls Putin over Ukraine Macron calls Putin over Ukraine Kiev imposes nighttime curfew Kiev imposes nighttime curfew Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine ANALYSIS Ukrainian MPs call on Zelensky to start talks with Putin Ukrainian MPs call on Zelensky to start talks with Putin Videos purportedly show Russian offensive against Ukraine Military cargo aircraft crashes in Russia's south

OSCE evacuates international monitors from Ukraine OSCE evacuates international monitors from Ukraine Erdogan takes stance on Russia's Ukraine offensive Erdogan takes stance on Russia's Ukraine offensive Shock Djokovic defeat makes Medvedev tennis king Shock Djokovic defeat makes Medvedev tennis king Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Biden orders 7,000 US troops to Germany amid Ukraine crisis Russia reports loss of warplane in Ukraine Leonid Gankin: War between Russia Ukraine would be a nightmare Leonid Gankin: War between Russia Ukraine would be a nightmare ANALYSIS Top stories Biden has 'no plans' to talk to Putin Biden has 'no plans' to talk to Putin Moscow claims this is culmination of 8 year Ukrainian war 'Complete rupture' in US-Russia relations – Biden Biden imposes 'long-term impact' sanctions on Russia over Ukraine Russia ready to negotiate with Ukraine – Kremlin Switzerland sanctions Russian banks, politicians Russian troops seize Chernobyl nuclear power plant – Kiev NATO activating 'defense plans' for allies – Stoltenberg Op-Ed Calls to ban RT in UK show what politicians really think of free speech Calls to ban RT in UK show what politicians really think of free speech Lee Camp: How US government was bought for $14.4bn Why a war may be the only solution Americans can bring to this conflict If Le Pen falls out of the race, Macron's presidency may be on knife edge After Covid, we must embrace critical thinking again Why isn't America listening to the advice on NATO expansion of its foremost 20th century expert on Russia? Now meat eaters stand accused of sexism and racism The unlikely nation now at the centre of US-China tensions EU leaders warn Russia of 'massive consequences' EU leaders warn Russia of 'massive consequences' 'War criminals' go straight to hell, Ukrainian UN ambassador tells Russia Ukrainian airspace shuts down for civilian aircraft IOC claims Russia has broken UN-backed Olympic Truce Navalny condemns war against Ukraine Navalny condemns war against Ukraine China comments on Russian operation in Ukraine Foreign officials resign from boards of Russian corporations Telegram experiencing outages in Europe How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right FEATURE Putin will decide when Ukraine offensive ends – Kremlin Putin will decide when Ukraine offensive ends – Kremlin Ukraine crisis sends global markets plummeting Ukraine crisis sends global markets plummeting Ukraine cuts diplomatic ties with Russia Ukraine cuts diplomatic ties with Russia Oil breaches $105 as Russia-Ukraine conflict intensifies Oil breaches $105 as Russia-Ukraine conflict intensifies

Ukraine ready to discuss neutrality, Zelensky says Ukraine ready to discuss neutrality, Zelensky says Britain would support Ukraine's government in exile – Johnson Britain would support Ukraine's government in exile – Johnson FIFA chief reacts to pressure over Russia's World Cup campaign FIFA chief reacts to pressure over Russia's World Cup campaign Kyle Rittenhouse teases LeBron James lawsuit Kyle Rittenhouse teases LeBron James lawsuit Countries sign off on Airbus military drone program Countries sign off on Airbus military drone program UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot Ukraine evacuating Moscow embassy Ukraine evacuating Moscow embassy Iran claims NATO provoked Russia Iran claims NATO provoked Russia MORE العربية ESP РУС DE FR RT News App

Search News Russia Former Soviet Union Business Sport Op-ed Games Entertainment Shows Projects RT Play Live Applications Where to watch Schedule Sponsored content On-Air Talent Terms of Use Privacy policy About RT Contact info Feedback Complaints Vacancies Autonomous Nonprofit Organization "TV-Novosti", 2005–2022. All rights reserved.

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25 Feb, 2022 05:15 HomeRussia FSU EU says new sanctions will strip Russia of 'prosperous future' The bloc says it will be imposing measures on 70% of Russia's banking industry in response to military action in Ukraine EU says new sanctions will strip Russia of 'prosperous future' European Commission headquarters in Brussels, Belgium, October 2020 Getty Images / Nicolas Economou; NurPhoto The European Union (EU) has announced sanctions aimed at derailing Russia's oil, banking, technology, and airline industries. The move would also target the Russian elite's money in Europe, stripping diplomats and business-people of preferential access to the EU.

In response to Russia's military attack on Ukraine, European Commission President Ursula von der Leyen on Thursday announced a package of sanctions with the stated goal of cutting "Russia's access to the most important capital markets."

"We are now targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defense, and these sanctions will increase Russia's borrowing costs, raise inflation, and gradually erode Russia's industrial base," von der Leyen declared on Thursday, revealing that the EU was "also targeting the Russian elite by curbing their deposits so that they cannot hide their money anymore in safe havens in Europe."

Financial sanctions, technology curbs and visa restrictions.European Commission President Ursula von der Leyen outlines the bloc's sanctions on Russia for attacking Ukraine https/t.co/rkelnKw5d8pic./fvVpUjsNs4

— Bloomberg Quicktake (@Quicktake) February 25, 2022 The European Union will also work to make it "impossible for Russia to upgrade its oil refineries" and to "ban the sale of all aircraft spare parts and equipment to Russian airlines" in an effort to "degrade the key sector of Russia's economy and the country's connectivity," von der Leyen revealed, noting that "three-quarters of Russia's current commercial fleets were built in the European Union, the US, and Canada."

العربيةESPРУСDEFR Where to watch Schedule RT Shop RT News App QUESTION MORE LIVE Russia Former Soviet Union World News Business Sport Op-ed Games Entertainment Shows Projects UKRAINE READY TO DISCUSS NEUTRALITY, ZELENSKY SAYS EU says new sanctions will strip Russia of 'prosperous future' EU says new sanctions will strip Russia of 'prosperous future' Explosions over Kiev result of missile interception – Ukrainian official Anonymous declare 'cyber war' against Russia Zelensky orders general mobilization Macron reveals details of call with Putin Hundreds detained at anti-war protests in Russia UK outlines efforts to cut Russia from SWIFT UK outlines efforts to cut Russia from SWIFT US 'prepared' to take Ukrainian refugees US 'prepared' to take Ukrainian refugees Australia and Japan announce new Russia sanctions Australia and Japan announce new Russia sanctions Russian military attack on Ukraine: How we got there LIST Russian military attack on Ukraine: How we got there Biden reveals update on Russia and SWIFT Biden reveals update on Russia and SWIFT Macron calls Putin over Ukraine Macron calls Putin over Ukraine Kiev imposes nighttime curfew Kiev imposes nighttime curfew Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine ANALYSIS Ukrainian MPs call on Zelensky to start talks with Putin Ukrainian MPs call on Zelensky to start talks with Putin Videos purportedly show Russian offensive against Ukraine Military cargo aircraft crashes in Russia's south

OSCE evacuates international monitors from Ukraine OSCE evacuates international monitors from Ukraine Erdogan takes stance on Russia's Ukraine offensive Erdogan takes stance on Russia's Ukraine offensive Shock Djokovic defeat makes Medvedev tennis king Shock Djokovic defeat makes Medvedev tennis king Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Biden orders 7,000 US troops to Germany amid Ukraine crisis Russia reports loss of warplane in Ukraine Leonid Gankin: War between Russia Ukraine would be a nightmare Leonid Gankin: War between Russia Ukraine would be a nightmare ANALYSIS Top stories Biden has 'no plans' to talk to Putin Biden has 'no plans' to talk to Putin Moscow claims this is culmination of 8 year Ukrainian war 'Complete rupture' in US-Russia relations – Biden Biden imposes 'long-term impact' sanctions on Russia over Ukraine Russia ready to negotiate with Ukraine – Kremlin Switzerland sanctions Russian banks, politicians Russian troops seize Chernobyl nuclear power plant – Kiev NATO activating 'defense plans' for allies – Stoltenberg Op-Ed Calls to ban RT in UK show what politicians really think of free speech Calls to ban RT in UK show what politicians really think of free speech Lee Camp: How US government was bought for $14.4bn Why a war may be the only solution Americans can bring to this conflict If Le Pen falls out of the race, Macron's presidency may be on knife edge After Covid, we must embrace critical thinking again Why isn't America listening to the advice on NATO expansion of its foremost 20th century expert on Russia? Now meat eaters stand accused of sexism and racism The unlikely nation now at the centre of US-China tensions EU leaders warn Russia of 'massive consequences' EU leaders warn Russia of 'massive consequences' 'War criminals' go straight to hell, Ukrainian UN ambassador tells Russia Ukrainian airspace shuts down for civilian aircraft IOC claims Russia has broken UN-backed Olympic Truce Navalny condemns war against Ukraine Navalny condemns war against Ukraine China comments on Russian operation in Ukraine Foreign officials resign from boards of Russian corporations Telegram experiencing outages in Europe How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right FEATURE Putin will decide when Ukraine offensive ends – Kremlin Putin will decide when Ukraine offensive ends – Kremlin Ukraine crisis sends global markets plummeting Ukraine crisis sends global markets plummeting Ukraine cuts diplomatic ties with Russia Ukraine cuts diplomatic ties with Russia Oil breaches $105 as Russia-Ukraine conflict intensifies Oil breaches $105 as Russia-Ukraine conflict intensifies

Ukraine ready to discuss neutrality, Zelensky says Ukraine ready to discuss neutrality, Zelensky says Britain would support Ukraine's government in exile – Johnson Britain would support Ukraine's government in exile – Johnson FIFA chief reacts to pressure over Russia's World Cup campaign FIFA chief reacts to pressure over Russia's World Cup campaign Kyle Rittenhouse teases LeBron James lawsuit Kyle Rittenhouse teases LeBron James lawsuit Countries sign off on Airbus military drone program Countries sign off on Airbus military drone program UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot Ukraine evacuating Moscow embassy Ukraine evacuating Moscow embassy Iran claims NATO provoked Russia Iran claims NATO provoked Russia MORE العربية ESP РУС DE FR RT News App

Search News Russia Former Soviet Union Business Sport Op-ed Games Entertainment Shows Projects RT Play Live Applications Where to watch Schedule Sponsored content On-Air Talent Terms of Use Privacy policy About RT Contact info Feedback Complaints Vacancies Autonomous Nonprofit Organization "TV-Novosti", 2005–2022. All rights reserved.

This website uses cookies. Read RT Privacy policy to find out more.

25 Feb, 2022 05:15 HomeRussia FSU EU says new sanctions will strip Russia of 'prosperous future' The bloc says it will be imposing measures on 70% of Russia's banking industry in response to military action in Ukraine EU says new sanctions will strip Russia of 'prosperous future' European Commission headquarters in Brussels, Belgium, October 2020 Getty Images / Nicolas Economou; NurPhoto The European Union (EU) has announced sanctions aimed at derailing Russia's oil, banking, technology, and airline industries. The move would also target the Russian elite's money in Europe, stripping diplomats and business-people of preferential access to the EU.

In response to Russia's military attack on Ukraine, European Commission President Ursula von der Leyen on Thursday announced a package of sanctions with the stated goal of cutting "Russia's access to the most important capital markets."

"We are now targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defense, and these sanctions will increase Russia's borrowing costs, raise inflation, and gradually erode Russia's industrial base," von der Leyen declared on Thursday, revealing that the EU was "also targeting the Russian elite by curbing their deposits so that they cannot hide their money anymore in safe havens in Europe."

Financial sanctions, technology curbs and visa restrictions.European Commission President Ursula von der Leyen outlines the bloc's sanctions on Russia for attacking Ukraine https/t.co/rkelnKw5d8pic./fvVpUjsNs4

— Bloomberg Quicktake (@Quicktake) February 25, 2022 The European Union will also work to make it "impossible for Russia to upgrade its oil refineries" and to "ban the sale of all aircraft spare parts and equipment to Russian airlines" in an effort to "degrade the key sector of Russia's economy and the country's connectivity," von der Leyen revealed, noting that "three-quarters of Russia's current commercial fleets were built in the European Union, the US, and Canada."

العربيةESPРУСDEFR Where to watch Schedule RT Shop RT News App QUESTION MORE LIVE Russia Former Soviet Union World News Business Sport Op-ed Games Entertainment Shows Projects UKRAINE READY TO DISCUSS NEUTRALITY, ZELENSKY SAYS EU says new sanctions will strip Russia of 'prosperous future' EU says new sanctions will strip Russia of 'prosperous future' Explosions over Kiev result of missile interception – Ukrainian official Anonymous declare 'cyber war' against Russia Zelensky orders general mobilization Macron reveals details of call with Putin Hundreds detained at anti-war protests in Russia UK outlines efforts to cut Russia from SWIFT UK outlines efforts to cut Russia from SWIFT US 'prepared' to take Ukrainian refugees US 'prepared' to take Ukrainian refugees Australia and Japan announce new Russia sanctions Australia and Japan announce new Russia sanctions Russian military attack on Ukraine: How we got there LIST Russian military attack on Ukraine: How we got there Biden reveals update on Russia and SWIFT Biden reveals update on Russia and SWIFT Macron calls Putin over Ukraine Macron calls Putin over Ukraine Kiev imposes nighttime curfew Kiev imposes nighttime curfew Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine ANALYSIS Ukrainian MPs call on Zelensky to start talks with Putin Ukrainian MPs call on Zelensky to start talks with Putin Videos purportedly show Russian offensive against Ukraine Military cargo aircraft crashes in Russia's south

OSCE evacuates international monitors from Ukraine OSCE evacuates international monitors from Ukraine Erdogan takes stance on Russia's Ukraine offensive Erdogan takes stance on Russia's Ukraine offensive Shock Djokovic defeat makes Medvedev tennis king Shock Djokovic defeat makes Medvedev tennis king Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Biden orders 7,000 US troops to Germany amid Ukraine crisis Russia reports loss of warplane in Ukraine Leonid Gankin: War between Russia Ukraine would be a nightmare Leonid Gankin: War between Russia Ukraine would be a nightmare ANALYSIS Top stories Biden has 'no plans' to talk to Putin Biden has 'no plans' to talk to Putin Moscow claims this is culmination of 8 year Ukrainian war 'Complete rupture' in US-Russia relations – Biden Biden imposes 'long-term impact' sanctions on Russia over Ukraine Russia ready to negotiate with Ukraine – Kremlin Switzerland sanctions Russian banks, politicians Russian troops seize Chernobyl nuclear power plant – Kiev NATO activating 'defense plans' for allies – Stoltenberg Op-Ed Calls to ban RT in UK show what politicians really think of free speech Calls to ban RT in UK show what politicians really think of free speech Lee Camp: How US government was bought for $14.4bn Why a war may be the only solution Americans can bring to this conflict If Le Pen falls out of the race, Macron's presidency may be on knife edge After Covid, we must embrace critical thinking again Why isn't America listening to the advice on NATO expansion of its foremost 20th century expert on Russia? Now meat eaters stand accused of sexism and racism The unlikely nation now at the centre of US-China tensions EU leaders warn Russia of 'massive consequences' EU leaders warn Russia of 'massive consequences' 'War criminals' go straight to hell, Ukrainian UN ambassador tells Russia Ukrainian airspace shuts down for civilian aircraft IOC claims Russia has broken UN-backed Olympic Truce Navalny condemns war against Ukraine Navalny condemns war against Ukraine China comments on Russian operation in Ukraine Foreign officials resign from boards of Russian corporations Telegram experiencing outages in Europe How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right FEATURE Putin will decide when Ukraine offensive ends – Kremlin Putin will decide when Ukraine offensive ends – Kremlin Ukraine crisis sends global markets plummeting Ukraine crisis sends global markets plummeting Ukraine cuts diplomatic ties with Russia Ukraine cuts diplomatic ties with Russia Oil breaches $105 as Russia-Ukraine conflict intensifies Oil breaches $105 as Russia-Ukraine conflict intensifies

Ukraine ready to discuss neutrality, Zelensky says Ukraine ready to discuss neutrality, Zelensky says Britain would support Ukraine's government in exile – Johnson Britain would support Ukraine's government in exile – Johnson FIFA chief reacts to pressure over Russia's World Cup campaign FIFA chief reacts to pressure over Russia's World Cup campaign Kyle Rittenhouse teases LeBron James lawsuit Kyle Rittenhouse teases LeBron James lawsuit Countries sign off on Airbus military drone program Countries sign off on Airbus military drone program UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot Ukraine evacuating Moscow embassy Ukraine evacuating Moscow embassy Iran claims NATO provoked Russia Iran claims NATO provoked Russia MORE العربية ESP РУС DE FR RT News App

Search News Russia Former Soviet Union Business Sport Op-ed Games Entertainment Shows Projects RT Play Live Applications Where to watch Schedule Sponsored content On-Air Talent Terms of Use Privacy policy About RT Contact info Feedback Complaints Vacancies Autonomous Nonprofit Organization "TV-Novosti", 2005–2022. All rights reserved.

This website uses cookies. Read RT Privacy policy to find out more.

25 Feb, 2022 05:15 HomeRussia FSU EU says new sanctions will strip Russia of 'prosperous future' The bloc says it will be imposing measures on 70% of Russia's banking industry in response to military action in Ukraine EU says new sanctions will strip Russia of 'prosperous future' European Commission headquarters in Brussels, Belgium, October 2020 Getty Images / Nicolas Economou; NurPhoto The European Union (EU) has announced sanctions aimed at derailing Russia's oil, banking, technology, and airline industries. The move would also target the Russian elite's money in Europe, stripping diplomats and business-people of preferential access to the EU.

In response to Russia's military attack on Ukraine, European Commission President Ursula von der Leyen on Thursday announced a package of sanctions with the stated goal of cutting "Russia's access to the most important capital markets."

"We are now targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defense, and these sanctions will increase Russia's borrowing costs, raise inflation, and gradually erode Russia's industrial base," von der Leyen declared on Thursday, revealing that the EU was "also targeting the Russian elite by curbing their deposits so that they cannot hide their money anymore in safe havens in Europe."

Financial sanctions, technology curbs and visa restrictions.European Commission President Ursula von der Leyen outlines the bloc's sanctions on Russia for attacking Ukraine https/t.co/rkelnKw5d8pic./fvVpUjsNs4

— Bloomberg Quicktake (@Quicktake) February 25, 2022 The European Union will also work to make it "impossible for Russia to upgrade its oil refineries" and to "ban the sale of all aircraft spare parts and equipment to Russian airlines" in an effort to "degrade the key sector of Russia's economy and the country's connectivity," von der Leyen revealed, noting that "three-quarters of Russia's current commercial fleets were built in the European Union, the US, and Canada."

العربيةESPРУСDEFR Where to watch Schedule RT Shop RT News App QUESTION MORE LIVE Russia Former Soviet Union World News Business Sport Op-ed Games Entertainment Shows Projects UKRAINE READY TO DISCUSS NEUTRALITY, ZELENSKY SAYS EU says new sanctions will strip Russia of 'prosperous future' EU says new sanctions will strip Russia of 'prosperous future' Explosions over Kiev result of missile interception – Ukrainian official Anonymous declare 'cyber war' against Russia Zelensky orders general mobilization Macron reveals details of call with Putin Hundreds detained at anti-war protests in Russia UK outlines efforts to cut Russia from SWIFT UK outlines efforts to cut Russia from SWIFT US 'prepared' to take Ukrainian refugees US 'prepared' to take Ukrainian refugees Australia and Japan announce new Russia sanctions Australia and Japan announce new Russia sanctions Russian military attack on Ukraine: How we got there LIST Russian military attack on Ukraine: How we got there Biden reveals update on Russia and SWIFT Biden reveals update on Russia and SWIFT Macron calls Putin over Ukraine Macron calls Putin over Ukraine Kiev imposes nighttime curfew Kiev imposes nighttime curfew Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine ANALYSIS Ukrainian MPs call on Zelensky to start talks with Putin Ukrainian MPs call on Zelensky to start talks with Putin Videos purportedly show Russian offensive against Ukraine Military cargo aircraft crashes in Russia's south

OSCE evacuates international monitors from Ukraine OSCE evacuates international monitors from Ukraine Erdogan takes stance on Russia's Ukraine offensive Erdogan takes stance on Russia's Ukraine offensive Shock Djokovic defeat makes Medvedev tennis king Shock Djokovic defeat makes Medvedev tennis king Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Biden orders 7,000 US troops to Germany amid Ukraine crisis Russia reports loss of warplane in Ukraine Leonid Gankin: War between Russia Ukraine would be a nightmare Leonid Gankin: War between Russia Ukraine would be a nightmare ANALYSIS Top stories Biden has 'no plans' to talk to Putin Biden has 'no plans' to talk to Putin Moscow claims this is culmination of 8 year Ukrainian war 'Complete rupture' in US-Russia relations – Biden Biden imposes 'long-term impact' sanctions on Russia over Ukraine Russia ready to negotiate with Ukraine – Kremlin Switzerland sanctions Russian banks, politicians Russian troops seize Chernobyl nuclear power plant – Kiev NATO activating 'defense plans' for allies – Stoltenberg Op-Ed Calls to ban RT in UK show what politicians really think of free speech Calls to ban RT in UK show what politicians really think of free speech Lee Camp: How US government was bought for $14.4bn Why a war may be the only solution Americans can bring to this conflict If Le Pen falls out of the race, Macron's presidency may be on knife edge After Covid, we must embrace critical thinking again Why isn't America listening to the advice on NATO expansion of its foremost 20th century expert on Russia? Now meat eaters stand accused of sexism and racism The unlikely nation now at the centre of US-China tensions EU leaders warn Russia of 'massive consequences' EU leaders warn Russia of 'massive consequences' 'War criminals' go straight to hell, Ukrainian UN ambassador tells Russia Ukrainian airspace shuts down for civilian aircraft IOC claims Russia has broken UN-backed Olympic Truce Navalny condemns war against Ukraine Navalny condemns war against Ukraine China comments on Russian operation in Ukraine Foreign officials resign from boards of Russian corporations Telegram experiencing outages in Europe How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right FEATURE Putin will decide when Ukraine offensive ends – Kremlin Putin will decide when Ukraine offensive ends – Kremlin Ukraine crisis sends global markets plummeting Ukraine crisis sends global markets plummeting Ukraine cuts diplomatic ties with Russia Ukraine cuts diplomatic ties with Russia Oil breaches $105 as Russia-Ukraine conflict intensifies Oil breaches $105 as Russia-Ukraine conflict intensifies

Ukraine ready to discuss neutrality, Zelensky says Ukraine ready to discuss neutrality, Zelensky says Britain would support Ukraine's government in exile – Johnson Britain would support Ukraine's government in exile – Johnson FIFA chief reacts to pressure over Russia's World Cup campaign FIFA chief reacts to pressure over Russia's World Cup campaign Kyle Rittenhouse teases LeBron James lawsuit Kyle Rittenhouse teases LeBron James lawsuit Countries sign off on Airbus military drone program Countries sign off on Airbus military drone program UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot Ukraine evacuating Moscow embassy Ukraine evacuating Moscow embassy Iran claims NATO provoked Russia Iran claims NATO provoked Russia MORE العربية ESP РУС DE FR RT News App

Search News Russia Former Soviet Union Business Sport Op-ed Games Entertainment Shows Projects RT Play Live Applications Where to watch Schedule Sponsored content On-Air Talent Terms of Use Privacy policy About RT Contact info Feedback Complaints Vacancies Autonomous Nonprofit Organization "TV-Novosti", 2005–2022. All rights reserved.

This website uses cookies. Read RT Privacy policy to find out more.

25 Feb, 2022 05:15 HomeRussia FSU EU says new sanctions will strip Russia of 'prosperous future' The bloc says it will be imposing measures on 70% of Russia's banking industry in response to military action in Ukraine EU says new sanctions will strip Russia of 'prosperous future' European Commission headquarters in Brussels, Belgium, October 2020 Getty Images / Nicolas Economou; NurPhoto The European Union (EU) has announced sanctions aimed at derailing Russia's oil, banking, technology, and airline industries. The move would also target the Russian elite's money in Europe, stripping diplomats and business-people of preferential access to the EU.

In response to Russia's military attack on Ukraine, European Commission President Ursula von der Leyen on Thursday announced a package of sanctions with the stated goal of cutting "Russia's access to the most important capital markets."

"We are now targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defense, and these sanctions will increase Russia's borrowing costs, raise inflation, and gradually erode Russia's industrial base," von der Leyen declared on Thursday, revealing that the EU was "also targeting the Russian elite by curbing their deposits so that they cannot hide their money anymore in safe havens in Europe."

Financial sanctions, technology curbs and visa restrictions.European Commission President Ursula von der Leyen outlines the bloc's sanctions on Russia for attacking Ukraine https/t.co/rkelnKw5d8pic./fvVpUjsNs4

— Bloomberg Quicktake (@Quicktake) February 25, 2022 The European Union will also work to make it "impossible for Russia to upgrade its oil refineries" and to "ban the sale of all aircraft spare parts and equipment to Russian airlines" in an effort to "degrade the key sector of Russia's economy and the country's connectivity," von der Leyen revealed, noting that "three-quarters of Russia's current commercial fleets were built in the European Union, the US, and Canada."

العربيةESPРУСDEFR Where to watch Schedule RT Shop RT News App QUESTION MORE LIVE Russia Former Soviet Union World News Business Sport Op-ed Games Entertainment Shows Projects UKRAINE READY TO DISCUSS NEUTRALITY, ZELENSKY SAYS EU says new sanctions will strip Russia of 'prosperous future' EU says new sanctions will strip Russia of 'prosperous future' Explosions over Kiev result of missile interception – Ukrainian official Anonymous declare 'cyber war' against Russia Zelensky orders general mobilization Macron reveals details of call with Putin Hundreds detained at anti-war protests in Russia UK outlines efforts to cut Russia from SWIFT UK outlines efforts to cut Russia from SWIFT US 'prepared' to take Ukrainian refugees US 'prepared' to take Ukrainian refugees Australia and Japan announce new Russia sanctions Australia and Japan announce new Russia sanctions Russian military attack on Ukraine: How we got there LIST Russian military attack on Ukraine: How we got there Biden reveals update on Russia and SWIFT Biden reveals update on Russia and SWIFT Macron calls Putin over Ukraine Macron calls Putin over Ukraine Kiev imposes nighttime curfew Kiev imposes nighttime curfew Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine ANALYSIS Ukrainian MPs call on Zelensky to start talks with Putin Ukrainian MPs call on Zelensky to start talks with Putin Videos purportedly show Russian offensive against Ukraine Military cargo aircraft crashes in Russia's south

OSCE evacuates international monitors from Ukraine OSCE evacuates international monitors from Ukraine Erdogan takes stance on Russia's Ukraine offensive Erdogan takes stance on Russia's Ukraine offensive Shock Djokovic defeat makes Medvedev tennis king Shock Djokovic defeat makes Medvedev tennis king Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Biden orders 7,000 US troops to Germany amid Ukraine crisis Russia reports loss of warplane in Ukraine Leonid Gankin: War between Russia Ukraine would be a nightmare Leonid Gankin: War between Russia Ukraine would be a nightmare ANALYSIS Top stories Biden has 'no plans' to talk to Putin Biden has 'no plans' to talk to Putin Moscow claims this is culmination of 8 year Ukrainian war 'Complete rupture' in US-Russia relations – Biden Biden imposes 'long-term impact' sanctions on Russia over Ukraine Russia ready to negotiate with Ukraine – Kremlin Switzerland sanctions Russian banks, politicians Russian troops seize Chernobyl nuclear power plant – Kiev NATO activating 'defense plans' for allies – Stoltenberg Op-Ed Calls to ban RT in UK show what politicians really think of free speech Calls to ban RT in UK show what politicians really think of free speech Lee Camp: How US government was bought for $14.4bn Why a war may be the only solution Americans can bring to this conflict If Le Pen falls out of the race, Macron's presidency may be on knife edge After Covid, we must embrace critical thinking again Why isn't America listening to the advice on NATO expansion of its foremost 20th century expert on Russia? Now meat eaters stand accused of sexism and racism The unlikely nation now at the centre of US-China tensions EU leaders warn Russia of 'massive consequences' EU leaders warn Russia of 'massive consequences' 'War criminals' go straight to hell, Ukrainian UN ambassador tells Russia Ukrainian airspace shuts down for civilian aircraft IOC claims Russia has broken UN-backed Olympic Truce Navalny condemns war against Ukraine Navalny condemns war against Ukraine China comments on Russian operation in Ukraine Foreign officials resign from boards of Russian corporations Telegram experiencing outages in Europe How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right FEATURE Putin will decide when Ukraine offensive ends – Kremlin Putin will decide when Ukraine offensive ends – Kremlin Ukraine crisis sends global markets plummeting Ukraine crisis sends global markets plummeting Ukraine cuts diplomatic ties with Russia Ukraine cuts diplomatic ties with Russia Oil breaches $105 as Russia-Ukraine conflict intensifies Oil breaches $105 as Russia-Ukraine conflict intensifies

Ukraine ready to discuss neutrality, Zelensky says Ukraine ready to discuss neutrality, Zelensky says Britain would support Ukraine's government in exile – Johnson Britain would support Ukraine's government in exile – Johnson FIFA chief reacts to pressure over Russia's World Cup campaign FIFA chief reacts to pressure over Russia's World Cup campaign Kyle Rittenhouse teases LeBron James lawsuit Kyle Rittenhouse teases LeBron James lawsuit Countries sign off on Airbus military drone program Countries sign off on Airbus military drone program UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot Ukraine evacuating Moscow embassy Ukraine evacuating Moscow embassy Iran claims NATO provoked Russia Iran claims NATO provoked Russia MORE العربية ESP РУС DE FR RT News App

Search News Russia Former Soviet Union Business Sport Op-ed Games Entertainment Shows Projects RT Play Live Applications Where to watch Schedule Sponsored content On-Air Talent Terms of Use Privacy policy About RT Contact info Feedback Complaints Vacancies Autonomous Nonprofit Organization "TV-Novosti", 2005–2022. All rights reserved.

This website uses cookies. Read RT Privacy policy to find out more.

25 Feb, 2022 05:15 HomeRussia FSU EU says new sanctions will strip Russia of 'prosperous future' The bloc says it will be imposing measures on 70% of Russia's banking industry in response to military action in Ukraine EU says new sanctions will strip Russia of 'prosperous future' European Commission headquarters in Brussels, Belgium, October 2020 Getty Images / Nicolas Economou; NurPhoto The European Union (EU) has announced sanctions aimed at derailing Russia's oil, banking, technology, and airline industries. The move would also target the Russian elite's money in Europe, stripping diplomats and business-people of preferential access to the EU.

In response to Russia's military attack on Ukraine, European Commission President Ursula von der Leyen on Thursday announced a package of sanctions with the stated goal of cutting "Russia's access to the most important capital markets."

"We are now targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defense, and these sanctions will increase Russia's borrowing costs, raise inflation, and gradually erode Russia's industrial base," von der Leyen declared on Thursday, revealing that the EU was "also targeting the Russian elite by curbing their deposits so that they cannot hide their money anymore in safe havens in Europe."

Financial sanctions, technology curbs and visa restrictions.European Commission President Ursula von der Leyen outlines the bloc's sanctions on Russia for attacking Ukraine https/t.co/rkelnKw5d8pic./fvVpUjsNs4

— Bloomberg Quicktake (@Quicktake) February 25, 2022 The European Union will also work to make it "impossible for Russia to upgrade its oil refineries" and to "ban the sale of all aircraft spare parts and equipment to Russian airlines" in an effort to "degrade the key sector of Russia's economy and the country's connectivity," von der Leyen revealed, noting that "three-quarters of Russia's current commercial fleets were built in the European Union, the US, and Canada."

العربيةESPРУСDEFR Where to watch Schedule RT Shop RT News App QUESTION MORE LIVE Russia Former Soviet Union World News Business Sport Op-ed Games Entertainment Shows Projects UKRAINE READY TO DISCUSS NEUTRALITY, ZELENSKY SAYS EU says new sanctions will strip Russia of 'prosperous future' EU says new sanctions will strip Russia of 'prosperous future' Explosions over Kiev result of missile interception – Ukrainian official Anonymous declare 'cyber war' against Russia Zelensky orders general mobilization Macron reveals details of call with Putin Hundreds detained at anti-war protests in Russia UK outlines efforts to cut Russia from SWIFT UK outlines efforts to cut Russia from SWIFT US 'prepared' to take Ukrainian refugees US 'prepared' to take Ukrainian refugees Australia and Japan announce new Russia sanctions Australia and Japan announce new Russia sanctions Russian military attack on Ukraine: How we got there LIST Russian military attack on Ukraine: How we got there Biden reveals update on Russia and SWIFT Biden reveals update on Russia and SWIFT Macron calls Putin over Ukraine Macron calls Putin over Ukraine Kiev imposes nighttime curfew Kiev imposes nighttime curfew Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine ANALYSIS Ukrainian MPs call on Zelensky to start talks with Putin Ukrainian MPs call on Zelensky to start talks with Putin Videos purportedly show Russian offensive against Ukraine Military cargo aircraft crashes in Russia's south

OSCE evacuates international monitors from Ukraine OSCE evacuates international monitors from Ukraine Erdogan takes stance on Russia's Ukraine offensive Erdogan takes stance on Russia's Ukraine offensive Shock Djokovic defeat makes Medvedev tennis king Shock Djokovic defeat makes Medvedev tennis king Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Biden orders 7,000 US troops to Germany amid Ukraine crisis Russia reports loss of warplane in Ukraine Leonid Gankin: War between Russia Ukraine would be a nightmare Leonid Gankin: War between Russia Ukraine would be a nightmare ANALYSIS Top stories Biden has 'no plans' to talk to Putin Biden has 'no plans' to talk to Putin Moscow claims this is culmination of 8 year Ukrainian war 'Complete rupture' in US-Russia relations – Biden Biden imposes 'long-term impact' sanctions on Russia over Ukraine Russia ready to negotiate with Ukraine – Kremlin Switzerland sanctions Russian banks, politicians Russian troops seize Chernobyl nuclear power plant – Kiev NATO activating 'defense plans' for allies – Stoltenberg Op-Ed Calls to ban RT in UK show what politicians really think of free speech Calls to ban RT in UK show what politicians really think of free speech Lee Camp: How US government was bought for $14.4bn Why a war may be the only solution Americans can bring to this conflict If Le Pen falls out of the race, Macron's presidency may be on knife edge After Covid, we must embrace critical thinking again Why isn't America listening to the advice on NATO expansion of its foremost 20th century expert on Russia? Now meat eaters stand accused of sexism and racism The unlikely nation now at the centre of US-China tensions EU leaders warn Russia of 'massive consequences' EU leaders warn Russia of 'massive consequences' 'War criminals' go straight to hell, Ukrainian UN ambassador tells Russia Ukrainian airspace shuts down for civilian aircraft IOC claims Russia has broken UN-backed Olympic Truce Navalny condemns war against Ukraine Navalny condemns war against Ukraine China comments on Russian operation in Ukraine Foreign officials resign from boards of Russian corporations Telegram experiencing outages in Europe How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right FEATURE Putin will decide when Ukraine offensive ends – Kremlin Putin will decide when Ukraine offensive ends – Kremlin Ukraine crisis sends global markets plummeting Ukraine crisis sends global markets plummeting Ukraine cuts diplomatic ties with Russia Ukraine cuts diplomatic ties with Russia Oil breaches $105 as Russia-Ukraine conflict intensifies Oil breaches $105 as Russia-Ukraine conflict intensifies

Ukraine ready to discuss neutrality, Zelensky says Ukraine ready to discuss neutrality, Zelensky says Britain would support Ukraine's government in exile – Johnson Britain would support Ukraine's government in exile – Johnson FIFA chief reacts to pressure over Russia's World Cup campaign FIFA chief reacts to pressure over Russia's World Cup campaign Kyle Rittenhouse teases LeBron James lawsuit Kyle Rittenhouse teases LeBron James lawsuit Countries sign off on Airbus military drone program Countries sign off on Airbus military drone program UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot Ukraine evacuating Moscow embassy Ukraine evacuating Moscow embassy Iran claims NATO provoked Russia Iran claims NATO provoked Russia MORE العربية ESP РУС DE FR RT News App

Search News Russia Former Soviet Union Business Sport Op-ed Games Entertainment Shows Projects RT Play Live Applications Where to watch Schedule Sponsored content On-Air Talent Terms of Use Privacy policy About RT Contact info Feedback Complaints Vacancies Autonomous Nonprofit Organization "TV-Novosti", 2005–2022. All rights reserved.

This website uses cookies. Read RT Privacy policy to find out more.

25 Feb, 2022 05:15 HomeRussia FSU EU says new sanctions will strip Russia of 'prosperous future' The bloc says it will be imposing measures on 70% of Russia's banking industry in response to military action in Ukraine EU says new sanctions will strip Russia of 'prosperous future' European Commission headquarters in Brussels, Belgium, October 2020 Getty Images / Nicolas Economou; NurPhoto The European Union (EU) has announced sanctions aimed at derailing Russia's oil, banking, technology, and airline industries. The move would also target the Russian elite's money in Europe, stripping diplomats and business-people of preferential access to the EU.

In response to Russia's military attack on Ukraine, European Commission President Ursula von der Leyen on Thursday announced a package of sanctions with the stated goal of cutting "Russia's access to the most important capital markets."

"We are now targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defense, and these sanctions will increase Russia's borrowing costs, raise inflation, and gradually erode Russia's industrial base," von der Leyen declared on Thursday, revealing that the EU was "also targeting the Russian elite by curbing their deposits so that they cannot hide their money anymore in safe havens in Europe."

Financial sanctions, technology curbs and visa restrictions.European Commission President Ursula von der Leyen outlines the bloc's sanctions on Russia for attacking Ukraine https/t.co/rkelnKw5d8pic./fvVpUjsNs4

— Bloomberg Quicktake (@Quicktake) February 25, 2022 The European Union will also work to make it "impossible for Russia to upgrade its oil refineries" and to "ban the sale of all aircraft spare parts and equipment to Russian airlines" in an effort to "degrade the key sector of Russia's economy and the country's connectivity," von der Leyen revealed, noting that "three-quarters of Russia's current commercial fleets were built in the European Union, the US, and Canada."

العربيةESPРУСDEFR Where to watch Schedule RT Shop RT News App QUESTION MORE LIVE Russia Former Soviet Union World News Business Sport Op-ed Games Entertainment Shows Projects UKRAINE READY TO DISCUSS NEUTRALITY, ZELENSKY SAYS EU says new sanctions will strip Russia of 'prosperous future' EU says new sanctions will strip Russia of 'prosperous future' Explosions over Kiev result of missile interception – Ukrainian official Anonymous declare 'cyber war' against Russia Zelensky orders general mobilization Macron reveals details of call with Putin Hundreds detained at anti-war protests in Russia UK outlines efforts to cut Russia from SWIFT UK outlines efforts to cut Russia from SWIFT US 'prepared' to take Ukrainian refugees US 'prepared' to take Ukrainian refugees Australia and Japan announce new Russia sanctions Australia and Japan announce new Russia sanctions Russian military attack on Ukraine: How we got there LIST Russian military attack on Ukraine: How we got there Biden reveals update on Russia and SWIFT Biden reveals update on Russia and SWIFT Macron calls Putin over Ukraine Macron calls Putin over Ukraine Kiev imposes nighttime curfew Kiev imposes nighttime curfew Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine ANALYSIS Ukrainian MPs call on Zelensky to start talks with Putin Ukrainian MPs call on Zelensky to start talks with Putin Videos purportedly show Russian offensive against Ukraine Military cargo aircraft crashes in Russia's south

OSCE evacuates international monitors from Ukraine OSCE evacuates international monitors from Ukraine Erdogan takes stance on Russia's Ukraine offensive Erdogan takes stance on Russia's Ukraine offensive Shock Djokovic defeat makes Medvedev tennis king Shock Djokovic defeat makes Medvedev tennis king Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Biden orders 7,000 US troops to Germany amid Ukraine crisis Russia reports loss of warplane in Ukraine Leonid Gankin: War between Russia Ukraine would be a nightmare Leonid Gankin: War between Russia Ukraine would be a nightmare ANALYSIS Top stories Biden has 'no plans' to talk to Putin Biden has 'no plans' to talk to Putin Moscow claims this is culmination of 8 year Ukrainian war 'Complete rupture' in US-Russia relations – Biden Biden imposes 'long-term impact' sanctions on Russia over Ukraine Russia ready to negotiate with Ukraine – Kremlin Switzerland sanctions Russian banks, politicians Russian troops seize Chernobyl nuclear power plant – Kiev NATO activating 'defense plans' for allies – Stoltenberg Op-Ed Calls to ban RT in UK show what politicians really think of free speech Calls to ban RT in UK show what politicians really think of free speech Lee Camp: How US government was bought for $14.4bn Why a war may be the only solution Americans can bring to this conflict If Le Pen falls out of the race, Macron's presidency may be on knife edge After Covid, we must embrace critical thinking again Why isn't America listening to the advice on NATO expansion of its foremost 20th century expert on Russia? Now meat eaters stand accused of sexism and racism The unlikely nation now at the centre of US-China tensions EU leaders warn Russia of 'massive consequences' EU leaders warn Russia of 'massive consequences' 'War criminals' go straight to hell, Ukrainian UN ambassador tells Russia Ukrainian airspace shuts down for civilian aircraft IOC claims Russia has broken UN-backed Olympic Truce Navalny condemns war against Ukraine Navalny condemns war against Ukraine China comments on Russian operation in Ukraine Foreign officials resign from boards of Russian corporations Telegram experiencing outages in Europe How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right FEATURE Putin will decide when Ukraine offensive ends – Kremlin Putin will decide when Ukraine offensive ends – Kremlin Ukraine crisis sends global markets plummeting Ukraine crisis sends global markets plummeting Ukraine cuts diplomatic ties with Russia Ukraine cuts diplomatic ties with Russia Oil breaches $105 as Russia-Ukraine conflict intensifies Oil breaches $105 as Russia-Ukraine conflict intensifies

Ukraine ready to discuss neutrality, Zelensky says Ukraine ready to discuss neutrality, Zelensky says Britain would support Ukraine's government in exile – Johnson Britain would support Ukraine's government in exile – Johnson FIFA chief reacts to pressure over Russia's World Cup campaign FIFA chief reacts to pressure over Russia's World Cup campaign Kyle Rittenhouse teases LeBron James lawsuit Kyle Rittenhouse teases LeBron James lawsuit Countries sign off on Airbus military drone program Countries sign off on Airbus military drone program UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot Ukraine evacuating Moscow embassy Ukraine evacuating Moscow embassy Iran claims NATO provoked Russia Iran claims NATO provoked Russia MORE العربية ESP РУС DE FR RT News App

Search News Russia Former Soviet Union Business Sport Op-ed Games Entertainment Shows Projects RT Play Live Applications Where to watch Schedule Sponsored content On-Air Talent Terms of Use Privacy policy About RT Contact info Feedback Complaints Vacancies Autonomous Nonprofit Organization "TV-Novosti", 2005–2022. All rights reserved.

This website uses cookies. Read RT Privacy policy to find out more.

25 Feb, 2022 05:15 HomeRussia FSU EU says new sanctions will strip Russia of 'prosperous future' The bloc says it will be imposing measures on 70% of Russia's banking industry in response to military action in Ukraine EU says new sanctions will strip Russia of 'prosperous future' European Commission headquarters in Brussels, Belgium, October 2020 Getty Images / Nicolas Economou; NurPhoto The European Union (EU) has announced sanctions aimed at derailing Russia's oil, banking, technology, and airline industries. The move would also target the Russian elite's money in Europe, stripping diplomats and business-people of preferential access to the EU.

In response to Russia's military attack on Ukraine, European Commission President Ursula von der Leyen on Thursday announced a package of sanctions with the stated goal of cutting "Russia's access to the most important capital markets."

"We are now targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defense, and these sanctions will increase Russia's borrowing costs, raise inflation, and gradually erode Russia's industrial base," von der Leyen declared on Thursday, revealing that the EU was "also targeting the Russian elite by curbing their deposits so that they cannot hide their money anymore in safe havens in Europe."

Financial sanctions, technology curbs and visa restrictions.European Commission President Ursula von der Leyen outlines the bloc's sanctions on Russia for attacking Ukraine https/t.co/rkelnKw5d8pic./fvVpUjsNs4

— Bloomberg Quicktake (@Quicktake) February 25, 2022 The European Union will also work to make it "impossible for Russia to upgrade its oil refineries" and to "ban the sale of all aircraft spare parts and equipment to Russian airlines" in an effort to "degrade the key sector of Russia's economy and the country's connectivity," von der Leyen revealed, noting that "three-quarters of Russia's current commercial fleets were built in the European Union, the US, and Canada."

— Bloomberg Quicktake (@Quicktake) February 25, 2022 The European Union will also work to make it "impossible for Russia to upgrade its oil refineries" and to "ban the sale of all aircraft spare parts and equipment to Russian airlines" in an effort to "degrade the key sector of Russia's economy and the country's connectivity," von der Leyen revealed, noting that "three-quarters of Russia's current commercial fleets were built in the European Union, the US, and Canada."

QUESTION MORE LIVE Russia Former Soviet Union World News Business Sport Op-ed Games Entertainment Shows Projects UKRAINE READY TO DISCUSS NEUTRALITY, ZELENSKY SAYS EU says new sanctions will strip Russia of 'prosperous future' EU says new sanctions will strip Russia of 'prosperous future' Explosions over Kiev result of missile interception – Ukrainian official Anonymous declare 'cyber war' against Russia Zelensky orders general mobilization Macron reveals details of call with Putin Hundreds detained at anti-war protests in Russia UK outlines efforts to cut Russia from SWIFT UK outlines efforts to cut Russia from SWIFT US 'prepared' to take Ukrainian refugees US 'prepared' to take Ukrainian refugees Australia and Japan announce new Russia sanctions Australia and Japan announce new Russia sanctions Russian military attack on Ukraine: How we got there LIST Russian military attack on Ukraine: How we got there Biden reveals update on Russia and SWIFT Biden reveals update on Russia and SWIFT Macron calls Putin over Ukraine Macron calls Putin over Ukraine Kiev imposes nighttime curfew Kiev imposes nighttime curfew Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine ANALYSIS Ukrainian MPs call on Zelensky to start talks with Putin Ukrainian MPs call on Zelensky to start talks with Putin Videos purportedly show Russian offensive against Ukraine Military cargo aircraft crashes in Russia's south

OSCE evacuates international monitors from Ukraine OSCE evacuates international monitors from Ukraine Erdogan takes stance on Russia's Ukraine offensive Erdogan takes stance on Russia's Ukraine offensive Shock Djokovic defeat makes Medvedev tennis king Shock Djokovic defeat makes Medvedev tennis king Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Biden orders 7,000 US troops to Germany amid Ukraine crisis Russia reports loss of warplane in Ukraine Leonid Gankin: War between Russia Ukraine would be a nightmare Leonid Gankin: War between Russia Ukraine would be a nightmare ANALYSIS Top stories Biden has 'no plans' to talk to Putin Biden has 'no plans' to talk to Putin Moscow claims this is culmination of 8 year Ukrainian war 'Complete rupture' in US-Russia relations – Biden Biden imposes 'long-term impact' sanctions on Russia over Ukraine Russia ready to negotiate with Ukraine – Kremlin Switzerland sanctions Russian banks, politicians Russian troops seize Chernobyl nuclear power plant – Kiev NATO activating 'defense plans' for allies – Stoltenberg Op-Ed Calls to ban RT in UK show what politicians really think of free speech Calls to ban RT in UK show what politicians really think of free speech Lee Camp: How US government was bought for $14.4bn Why a war may be the only solution Americans can bring to this conflict If Le Pen falls out of the race, Macron's presidency may be on knife edge After Covid, we must embrace critical thinking again Why isn't America listening to the advice on NATO expansion of its foremost 20th century expert on Russia? Now meat eaters stand accused of sexism and racism The unlikely nation now at the centre of US-China tensions EU leaders warn Russia of 'massive consequences' EU leaders warn Russia of 'massive consequences' 'War criminals' go straight to hell, Ukrainian UN ambassador tells Russia Ukrainian airspace shuts down for civilian aircraft IOC claims Russia has broken UN-backed Olympic Truce Navalny condemns war against Ukraine Navalny condemns war against Ukraine China comments on Russian operation in Ukraine Foreign officials resign from boards of Russian corporations Telegram experiencing outages in Europe How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right FEATURE Putin will decide when Ukraine offensive ends – Kremlin Putin will decide when Ukraine offensive ends – Kremlin Ukraine crisis sends global markets plummeting Ukraine crisis sends global markets plummeting Ukraine cuts diplomatic ties with Russia Ukraine cuts diplomatic ties with Russia Oil breaches $105 as Russia-Ukraine conflict intensifies Oil breaches $105 as Russia-Ukraine conflict intensifies

Ukraine ready to discuss neutrality, Zelensky says Ukraine ready to discuss neutrality, Zelensky says Britain would support Ukraine's government in exile – Johnson Britain would support Ukraine's government in exile – Johnson FIFA chief reacts to pressure over Russia's World Cup campaign FIFA chief reacts to pressure over Russia's World Cup campaign Kyle Rittenhouse teases LeBron James lawsuit Kyle Rittenhouse teases LeBron James lawsuit Countries sign off on Airbus military drone program Countries sign off on Airbus military drone program UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot Ukraine evacuating Moscow embassy Ukraine evacuating Moscow embassy Iran claims NATO provoked Russia Iran claims NATO provoked Russia MORE العربية ESP РУС DE FR RT News App

Search News Russia Former Soviet Union Business Sport Op-ed Games Entertainment Shows Projects RT Play Live Applications Where to watch Schedule Sponsored content On-Air Talent Terms of Use Privacy policy About RT Contact info Feedback Complaints Vacancies Autonomous Nonprofit Organization "TV-Novosti", 2005–2022. All rights reserved.

This website uses cookies. Read RT Privacy policy to find out more.

25 Feb, 2022 05:15 HomeRussia FSU EU says new sanctions will strip Russia of 'prosperous future' The bloc says it will be imposing measures on 70% of Russia's banking industry in response to military action in Ukraine EU says new sanctions will strip Russia of 'prosperous future' European Commission headquarters in Brussels, Belgium, October 2020 Getty Images / Nicolas Economou; NurPhoto The European Union (EU) has announced sanctions aimed at derailing Russia's oil, banking, technology, and airline industries. The move would also target the Russian elite's money in Europe, stripping diplomats and business-people of preferential access to the EU.

In response to Russia's military attack on Ukraine, European Commission President Ursula von der Leyen on Thursday announced a package of sanctions with the stated goal of cutting "Russia's access to the most important capital markets."

"We are now targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defense, and these sanctions will increase Russia's borrowing costs, raise inflation, and gradually erode Russia's industrial base," von der Leyen declared on Thursday, revealing that the EU was "also targeting the Russian elite by curbing their deposits so that they cannot hide their money anymore in safe havens in Europe."

Financial sanctions, technology curbs and visa restrictions.European Commission President Ursula von der Leyen outlines the bloc's sanctions on Russia for attacking Ukraine https/t.co/rkelnKw5d8pic./fvVpUjsNs4

— Bloomberg Quicktake (@Quicktake) February 25, 2022 The European Union will also work to make it "impossible for Russia to upgrade its oil refineries" and to "ban the sale of all aircraft spare parts and equipment to Russian airlines" in an effort to "degrade the key sector of Russia's economy and the country's connectivity," von der Leyen revealed, noting that "three-quarters of Russia's current commercial fleets were built in the European Union, the US, and Canada."

العربيةESPРУСDEFR Where to watch Schedule RT Shop RT News App QUESTION MORE LIVE Russia Former Soviet Union World News Business Sport Op-ed Games Entertainment Shows Projects UKRAINE READY TO DISCUSS NEUTRALITY, ZELENSKY SAYS EU says new sanctions will strip Russia of 'prosperous future' EU says new sanctions will strip Russia of 'prosperous future' Explosions over Kiev result of missile interception – Ukrainian official Anonymous declare 'cyber war' against Russia Zelensky orders general mobilization Macron reveals details of call with Putin Hundreds detained at anti-war protests in Russia UK outlines efforts to cut Russia from SWIFT UK outlines efforts to cut Russia from SWIFT US 'prepared' to take Ukrainian refugees US 'prepared' to take Ukrainian refugees Australia and Japan announce new Russia sanctions Australia and Japan announce new Russia sanctions Russian military attack on Ukraine: How we got there LIST Russian military attack on Ukraine: How we got there Biden reveals update on Russia and SWIFT Biden reveals update on Russia and SWIFT Macron calls Putin over Ukraine Macron calls Putin over Ukraine Kiev imposes nighttime curfew Kiev imposes nighttime curfew Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine ANALYSIS Ukrainian MPs call on Zelensky to start talks with Putin Ukrainian MPs call on Zelensky to start talks with Putin Videos purportedly show Russian offensive against Ukraine Military cargo aircraft crashes in Russia's south

OSCE evacuates international monitors from Ukraine OSCE evacuates international monitors from Ukraine Erdogan takes stance on Russia's Ukraine offensive Erdogan takes stance on Russia's Ukraine offensive Shock Djokovic defeat makes Medvedev tennis king Shock Djokovic defeat makes Medvedev tennis king Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Biden orders 7,000 US troops to Germany amid Ukraine crisis Russia reports loss of warplane in Ukraine Leonid Gankin: War between Russia Ukraine would be a nightmare Leonid Gankin: War between Russia Ukraine would be a nightmare ANALYSIS Top stories Biden has 'no plans' to talk to Putin Biden has 'no plans' to talk to Putin Moscow claims this is culmination of 8 year Ukrainian war 'Complete rupture' in US-Russia relations – Biden Biden imposes 'long-term impact' sanctions on Russia over Ukraine Russia ready to negotiate with Ukraine – Kremlin Switzerland sanctions Russian banks, politicians Russian troops seize Chernobyl nuclear power plant – Kiev NATO activating 'defense plans' for allies – Stoltenberg Op-Ed Calls to ban RT in UK show what politicians really think of free speech Calls to ban RT in UK show what politicians really think of free speech Lee Camp: How US government was bought for $14.4bn Why a war may be the only solution Americans can bring to this conflict If Le Pen falls out of the race, Macron's presidency may be on knife edge After Covid, we must embrace critical thinking again Why isn't America listening to the advice on NATO expansion of its foremost 20th century expert on Russia? Now meat eaters stand accused of sexism and racism The unlikely nation now at the centre of US-China tensions EU leaders warn Russia of 'massive consequences' EU leaders warn Russia of 'massive consequences' 'War criminals' go straight to hell, Ukrainian UN ambassador tells Russia Ukrainian airspace shuts down for civilian aircraft IOC claims Russia has broken UN-backed Olympic Truce Navalny condemns war against Ukraine Navalny condemns war against Ukraine China comments on Russian operation in Ukraine Foreign officials resign from boards of Russian corporations Telegram experiencing outages in Europe How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right FEATURE Putin will decide when Ukraine offensive ends – Kremlin Putin will decide when Ukraine offensive ends – Kremlin Ukraine crisis sends global markets plummeting Ukraine crisis sends global markets plummeting Ukraine cuts diplomatic ties with Russia Ukraine cuts diplomatic ties with Russia Oil breaches $105 as Russia-Ukraine conflict intensifies Oil breaches $105 as Russia-Ukraine conflict intensifies

Ukraine ready to discuss neutrality, Zelensky says Ukraine ready to discuss neutrality, Zelensky says Britain would support Ukraine's government in exile – Johnson Britain would support Ukraine's government in exile – Johnson FIFA chief reacts to pressure over Russia's World Cup campaign FIFA chief reacts to pressure over Russia's World Cup campaign Kyle Rittenhouse teases LeBron James lawsuit Kyle Rittenhouse teases LeBron James lawsuit Countries sign off on Airbus military drone program Countries sign off on Airbus military drone program UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot Ukraine evacuating Moscow embassy Ukraine evacuating Moscow embassy Iran claims NATO provoked Russia Iran claims NATO provoked Russia MORE العربية ESP РУС DE FR RT News App

Search News Russia Former Soviet Union Business Sport Op-ed Games Entertainment Shows Projects RT Play Live Applications Where to watch Schedule Sponsored content On-Air Talent Terms of Use Privacy policy About RT Contact info Feedback Complaints Vacancies Autonomous Nonprofit Organization "TV-Novosti", 2005–2022. All rights reserved.

This website uses cookies. Read RT Privacy policy to find out more.

25 Feb, 2022 05:15 HomeRussia FSU EU says new sanctions will strip Russia of 'prosperous future' The bloc says it will be imposing measures on 70% of Russia's banking industry in response to military action in Ukraine EU says new sanctions will strip Russia of 'prosperous future' European Commission headquarters in Brussels, Belgium, October 2020 Getty Images / Nicolas Economou; NurPhoto The European Union (EU) has announced sanctions aimed at derailing Russia's oil, banking, technology, and airline industries. The move would also target the Russian elite's money in Europe, stripping diplomats and business-people of preferential access to the EU.

In response to Russia's military attack on Ukraine, European Commission President Ursula von der Leyen on Thursday announced a package of sanctions with the stated goal of cutting "Russia's access to the most important capital markets."

"We are now targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defense, and these sanctions will increase Russia's borrowing costs, raise inflation, and gradually erode Russia's industrial base," von der Leyen declared on Thursday, revealing that the EU was "also targeting the Russian elite by curbing their deposits so that they cannot hide their money anymore in safe havens in Europe."

Financial sanctions, technology curbs and visa restrictions.European Commission President Ursula von der Leyen outlines the bloc's sanctions on Russia for attacking Ukraine https/t.co/rkelnKw5d8pic./fvVpUjsNs4

— Bloomberg Quicktake (@Quicktake) February 25, 2022 The European Union will also work to make it "impossible for Russia to upgrade its oil refineries" and to "ban the sale of all aircraft spare parts and equipment to Russian airlines" in an effort to "degrade the key sector of Russia's economy and the country's connectivity," von der Leyen revealed, noting that "three-quarters of Russia's current commercial fleets were built in the European Union, the US, and Canada."

العربيةESPРУСDEFR Where to watch Schedule RT Shop RT News App QUESTION MORE LIVE Russia Former Soviet Union World News Business Sport Op-ed Games Entertainment Shows Projects UKRAINE READY TO DISCUSS NEUTRALITY, ZELENSKY SAYS EU says new sanctions will strip Russia of 'prosperous future' EU says new sanctions will strip Russia of 'prosperous future' Explosions over Kiev result of missile interception – Ukrainian official Anonymous declare 'cyber war' against Russia Zelensky orders general mobilization Macron reveals details of call with Putin Hundreds detained at anti-war protests in Russia UK outlines efforts to cut Russia from SWIFT UK outlines efforts to cut Russia from SWIFT US 'prepared' to take Ukrainian refugees US 'prepared' to take Ukrainian refugees Australia and Japan announce new Russia sanctions Australia and Japan announce new Russia sanctions Russian military attack on Ukraine: How we got there LIST Russian military attack on Ukraine: How we got there Biden reveals update on Russia and SWIFT Biden reveals update on Russia and SWIFT Macron calls Putin over Ukraine Macron calls Putin over Ukraine Kiev imposes nighttime curfew Kiev imposes nighttime curfew Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine ANALYSIS Ukrainian MPs call on Zelensky to start talks with Putin Ukrainian MPs call on Zelensky to start talks with Putin Videos purportedly show Russian offensive against Ukraine Military cargo aircraft crashes in Russia's south

OSCE evacuates international monitors from Ukraine OSCE evacuates international monitors from Ukraine Erdogan takes stance on Russia's Ukraine offensive Erdogan takes stance on Russia's Ukraine offensive Shock Djokovic defeat makes Medvedev tennis king Shock Djokovic defeat makes Medvedev tennis king Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Biden orders 7,000 US troops to Germany amid Ukraine crisis Russia reports loss of warplane in Ukraine Leonid Gankin: War between Russia Ukraine would be a nightmare Leonid Gankin: War between Russia Ukraine would be a nightmare ANALYSIS Top stories Biden has 'no plans' to talk to Putin Biden has 'no plans' to talk to Putin Moscow claims this is culmination of 8 year Ukrainian war 'Complete rupture' in US-Russia relations – Biden Biden imposes 'long-term impact' sanctions on Russia over Ukraine Russia ready to negotiate with Ukraine – Kremlin Switzerland sanctions Russian banks, politicians Russian troops seize Chernobyl nuclear power plant – Kiev NATO activating 'defense plans' for allies – Stoltenberg Op-Ed Calls to ban RT in UK show what politicians really think of free speech Calls to ban RT in UK show what politicians really think of free speech Lee Camp: How US government was bought for $14.4bn Why a war may be the only solution Americans can bring to this conflict If Le Pen falls out of the race, Macron's presidency may be on knife edge After Covid, we must embrace critical thinking again Why isn't America listening to the advice on NATO expansion of its foremost 20th century expert on Russia? Now meat eaters stand accused of sexism and racism The unlikely nation now at the centre of US-China tensions EU leaders warn Russia of 'massive consequences' EU leaders warn Russia of 'massive consequences' 'War criminals' go straight to hell, Ukrainian UN ambassador tells Russia Ukrainian airspace shuts down for civilian aircraft IOC claims Russia has broken UN-backed Olympic Truce Navalny condemns war against Ukraine Navalny condemns war against Ukraine China comments on Russian operation in Ukraine Foreign officials resign from boards of Russian corporations Telegram experiencing outages in Europe How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right FEATURE Putin will decide when Ukraine offensive ends – Kremlin Putin will decide when Ukraine offensive ends – Kremlin Ukraine crisis sends global markets plummeting Ukraine crisis sends global markets plummeting Ukraine cuts diplomatic ties with Russia Ukraine cuts diplomatic ties with Russia Oil breaches $105 as Russia-Ukraine conflict intensifies Oil breaches $105 as Russia-Ukraine conflict intensifies

Ukraine ready to discuss neutrality, Zelensky says Ukraine ready to discuss neutrality, Zelensky says Britain would support Ukraine's government in exile – Johnson Britain would support Ukraine's government in exile – Johnson FIFA chief reacts to pressure over Russia's World Cup campaign FIFA chief reacts to pressure over Russia's World Cup campaign Kyle Rittenhouse teases LeBron James lawsuit Kyle Rittenhouse teases LeBron James lawsuit Countries sign off on Airbus military drone program Countries sign off on Airbus military drone program UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot Ukraine evacuating Moscow embassy Ukraine evacuating Moscow embassy Iran claims NATO provoked Russia Iran claims NATO provoked Russia MORE العربية ESP РУС DE FR RT News App

Search News Russia Former Soviet Union Business Sport Op-ed Games Entertainment Shows Projects RT Play Live Applications Where to watch Schedule Sponsored content On-Air Talent Terms of Use Privacy policy About RT Contact info Feedback Complaints Vacancies Autonomous Nonprofit Organization "TV-Novosti", 2005–2022. All rights reserved.

This website uses cookies. Read RT Privacy policy to find out more.

25 Feb, 2022 05:15 HomeRussia FSU EU says new sanctions will strip Russia of 'prosperous future' The bloc says it will be imposing measures on 70% of Russia's banking industry in response to military action in Ukraine EU says new sanctions will strip Russia of 'prosperous future' European Commission headquarters in Brussels, Belgium, October 2020 Getty Images / Nicolas Economou; NurPhoto The European Union (EU) has announced sanctions aimed at derailing Russia's oil, banking, technology, and airline industries. The move would also target the Russian elite's money in Europe, stripping diplomats and business-people of preferential access to the EU.

In response to Russia's military attack on Ukraine, European Commission President Ursula von der Leyen on Thursday announced a package of sanctions with the stated goal of cutting "Russia's access to the most important capital markets."

"We are now targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defense, and these sanctions will increase Russia's borrowing costs, raise inflation, and gradually erode Russia's industrial base," von der Leyen declared on Thursday, revealing that the EU was "also targeting the Russian elite by curbing their deposits so that they cannot hide their money anymore in safe havens in Europe."

Financial sanctions, technology curbs and visa restrictions.European Commission President Ursula von der Leyen outlines the bloc's sanctions on Russia for attacking Ukraine https/t.co/rkelnKw5d8pic./fvVpUjsNs4

— Bloomberg Quicktake (@Quicktake) February 25, 2022 The European Union will also work to make it "impossible for Russia to upgrade its oil refineries" and to "ban the sale of all aircraft spare parts and equipment to Russian airlines" in an effort to "degrade the key sector of Russia's economy and the country's connectivity," von der Leyen revealed, noting that "three-quarters of Russia's current commercial fleets were built in the European Union, the US, and Canada."

العربيةESPРУСDEFR Where to watch Schedule RT Shop RT News App QUESTION MORE LIVE Russia Former Soviet Union World News Business Sport Op-ed Games Entertainment Shows Projects UKRAINE READY TO DISCUSS NEUTRALITY, ZELENSKY SAYS EU says new sanctions will strip Russia of 'prosperous future' EU says new sanctions will strip Russia of 'prosperous future' Explosions over Kiev result of missile interception – Ukrainian official Anonymous declare 'cyber war' against Russia Zelensky orders general mobilization Macron reveals details of call with Putin Hundreds detained at anti-war protests in Russia UK outlines efforts to cut Russia from SWIFT UK outlines efforts to cut Russia from SWIFT US 'prepared' to take Ukrainian refugees US 'prepared' to take Ukrainian refugees Australia and Japan announce new Russia sanctions Australia and Japan announce new Russia sanctions Russian military attack on Ukraine: How we got there LIST Russian military attack on Ukraine: How we got there Biden reveals update on Russia and SWIFT Biden reveals update on Russia and SWIFT Macron calls Putin over Ukraine Macron calls Putin over Ukraine Kiev imposes nighttime curfew Kiev imposes nighttime curfew Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine ANALYSIS Ukrainian MPs call on Zelensky to start talks with Putin Ukrainian MPs call on Zelensky to start talks with Putin Videos purportedly show Russian offensive against Ukraine Military cargo aircraft crashes in Russia's south

OSCE evacuates international monitors from Ukraine OSCE evacuates international monitors from Ukraine Erdogan takes stance on Russia's Ukraine offensive Erdogan takes stance on Russia's Ukraine offensive Shock Djokovic defeat makes Medvedev tennis king Shock Djokovic defeat makes Medvedev tennis king Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Biden orders 7,000 US troops to Germany amid Ukraine crisis Russia reports loss of warplane in Ukraine Leonid Gankin: War between Russia Ukraine would be a nightmare Leonid Gankin: War between Russia Ukraine would be a nightmare ANALYSIS Top stories Biden has 'no plans' to talk to Putin Biden has 'no plans' to talk to Putin Moscow claims this is culmination of 8 year Ukrainian war 'Complete rupture' in US-Russia relations – Biden Biden imposes 'long-term impact' sanctions on Russia over Ukraine Russia ready to negotiate with Ukraine – Kremlin Switzerland sanctions Russian banks, politicians Russian troops seize Chernobyl nuclear power plant – Kiev NATO activating 'defense plans' for allies – Stoltenberg Op-Ed Calls to ban RT in UK show what politicians really think of free speech Calls to ban RT in UK show what politicians really think of free speech Lee Camp: How US government was bought for $14.4bn Why a war may be the only solution Americans can bring to this conflict If Le Pen falls out of the race, Macron's presidency may be on knife edge After Covid, we must embrace critical thinking again Why isn't America listening to the advice on NATO expansion of its foremost 20th century expert on Russia? Now meat eaters stand accused of sexism and racism The unlikely nation now at the centre of US-China tensions EU leaders warn Russia of 'massive consequences' EU leaders warn Russia of 'massive consequences' 'War criminals' go straight to hell, Ukrainian UN ambassador tells Russia Ukrainian airspace shuts down for civilian aircraft IOC claims Russia has broken UN-backed Olympic Truce Navalny condemns war against Ukraine Navalny condemns war against Ukraine China comments on Russian operation in Ukraine Foreign officials resign from boards of Russian corporations Telegram experiencing outages in Europe How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right FEATURE Putin will decide when Ukraine offensive ends – Kremlin Putin will decide when Ukraine offensive ends – Kremlin Ukraine crisis sends global markets plummeting Ukraine crisis sends global markets plummeting Ukraine cuts diplomatic ties with Russia Ukraine cuts diplomatic ties with Russia Oil breaches $105 as Russia-Ukraine conflict intensifies Oil breaches $105 as Russia-Ukraine conflict intensifies

Ukraine ready to discuss neutrality, Zelensky says Ukraine ready to discuss neutrality, Zelensky says Britain would support Ukraine's government in exile – Johnson Britain would support Ukraine's government in exile – Johnson FIFA chief reacts to pressure over Russia's World Cup campaign FIFA chief reacts to pressure over Russia's World Cup campaign Kyle Rittenhouse teases LeBron James lawsuit Kyle Rittenhouse teases LeBron James lawsuit Countries sign off on Airbus military drone program Countries sign off on Airbus military drone program UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot Ukraine evacuating Moscow embassy Ukraine evacuating Moscow embassy Iran claims NATO provoked Russia Iran claims NATO provoked Russia MORE العربية ESP РУС DE FR RT News App

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25 Feb, 2022 05:15 HomeRussia FSU EU says new sanctions will strip Russia of 'prosperous future' The bloc says it will be imposing measures on 70% of Russia's banking industry in response to military action in Ukraine EU says new sanctions will strip Russia of 'prosperous future' European Commission headquarters in Brussels, Belgium, October 2020 Getty Images / Nicolas Economou; NurPhoto The European Union (EU) has announced sanctions aimed at derailing Russia's oil, banking, technology, and airline industries. The move would also target the Russian elite's money in Europe, stripping diplomats and business-people of preferential access to the EU.

In response to Russia's military attack on Ukraine, European Commission President Ursula von der Leyen on Thursday announced a package of sanctions with the stated goal of cutting "Russia's access to the most important capital markets."

"We are now targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defense, and these sanctions will increase Russia's borrowing costs, raise inflation, and gradually erode Russia's industrial base," von der Leyen declared on Thursday, revealing that the EU was "also targeting the Russian elite by curbing their deposits so that they cannot hide their money anymore in safe havens in Europe."

Financial sanctions, technology curbs and visa restrictions.European Commission President Ursula von der Leyen outlines the bloc's sanctions on Russia for attacking Ukraine https/t.co/rkelnKw5d8pic./fvVpUjsNs4

— Bloomberg Quicktake (@Quicktake) February 25, 2022 The European Union will also work to make it "impossible for Russia to upgrade its oil refineries" and to "ban the sale of all aircraft spare parts and equipment to Russian airlines" in an effort to "degrade the key sector of Russia's economy and the country's connectivity," von der Leyen revealed, noting that "three-quarters of Russia's current commercial fleets were built in the European Union, the US, and Canada."

العربيةESPРУСDEFR Where to watch Schedule RT Shop RT News App QUESTION MORE LIVE Russia Former Soviet Union World News Business Sport Op-ed Games Entertainment Shows Projects UKRAINE READY TO DISCUSS NEUTRALITY, ZELENSKY SAYS EU says new sanctions will strip Russia of 'prosperous future' EU says new sanctions will strip Russia of 'prosperous future' Explosions over Kiev result of missile interception – Ukrainian official Anonymous declare 'cyber war' against Russia Zelensky orders general mobilization Macron reveals details of call with Putin Hundreds detained at anti-war protests in Russia UK outlines efforts to cut Russia from SWIFT UK outlines efforts to cut Russia from SWIFT US 'prepared' to take Ukrainian refugees US 'prepared' to take Ukrainian refugees Australia and Japan announce new Russia sanctions Australia and Japan announce new Russia sanctions Russian military attack on Ukraine: How we got there LIST Russian military attack on Ukraine: How we got there Biden reveals update on Russia and SWIFT Biden reveals update on Russia and SWIFT Macron calls Putin over Ukraine Macron calls Putin over Ukraine Kiev imposes nighttime curfew Kiev imposes nighttime curfew Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine ANALYSIS Ukrainian MPs call on Zelensky to start talks with Putin Ukrainian MPs call on Zelensky to start talks with Putin Videos purportedly show Russian offensive against Ukraine Military cargo aircraft crashes in Russia's south

OSCE evacuates international monitors from Ukraine OSCE evacuates international monitors from Ukraine Erdogan takes stance on Russia's Ukraine offensive Erdogan takes stance on Russia's Ukraine offensive Shock Djokovic defeat makes Medvedev tennis king Shock Djokovic defeat makes Medvedev tennis king Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Biden orders 7,000 US troops to Germany amid Ukraine crisis Russia reports loss of warplane in Ukraine Leonid Gankin: War between Russia Ukraine would be a nightmare Leonid Gankin: War between Russia Ukraine would be a nightmare ANALYSIS Top stories Biden has 'no plans' to talk to Putin Biden has 'no plans' to talk to Putin Moscow claims this is culmination of 8 year Ukrainian war 'Complete rupture' in US-Russia relations – Biden Biden imposes 'long-term impact' sanctions on Russia over Ukraine Russia ready to negotiate with Ukraine – Kremlin Switzerland sanctions Russian banks, politicians Russian troops seize Chernobyl nuclear power plant – Kiev NATO activating 'defense plans' for allies – Stoltenberg Op-Ed Calls to ban RT in UK show what politicians really think of free speech Calls to ban RT in UK show what politicians really think of free speech Lee Camp: How US government was bought for $14.4bn Why a war may be the only solution Americans can bring to this conflict If Le Pen falls out of the race, Macron's presidency may be on knife edge After Covid, we must embrace critical thinking again Why isn't America listening to the advice on NATO expansion of its foremost 20th century expert on Russia? Now meat eaters stand accused of sexism and racism The unlikely nation now at the centre of US-China tensions EU leaders warn Russia of 'massive consequences' EU leaders warn Russia of 'massive consequences' 'War criminals' go straight to hell, Ukrainian UN ambassador tells Russia Ukrainian airspace shuts down for civilian aircraft IOC claims Russia has broken UN-backed Olympic Truce Navalny condemns war against Ukraine Navalny condemns war against Ukraine China comments on Russian operation in Ukraine Foreign officials resign from boards of Russian corporations Telegram experiencing outages in Europe How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right FEATURE Putin will decide when Ukraine offensive ends – Kremlin Putin will decide when Ukraine offensive ends – Kremlin Ukraine crisis sends global markets plummeting Ukraine crisis sends global markets plummeting Ukraine cuts diplomatic ties with Russia Ukraine cuts diplomatic ties with Russia Oil breaches $105 as Russia-Ukraine conflict intensifies Oil breaches $105 as Russia-Ukraine conflict intensifies

Ukraine ready to discuss neutrality, Zelensky says Ukraine ready to discuss neutrality, Zelensky says Britain would support Ukraine's government in exile – Johnson Britain would support Ukraine's government in exile – Johnson FIFA chief reacts to pressure over Russia's World Cup campaign FIFA chief reacts to pressure over Russia's World Cup campaign Kyle Rittenhouse teases LeBron James lawsuit Kyle Rittenhouse teases LeBron James lawsuit Countries sign off on Airbus military drone program Countries sign off on Airbus military drone program UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot Ukraine evacuating Moscow embassy Ukraine evacuating Moscow embassy Iran claims NATO provoked Russia Iran claims NATO provoked Russia MORE العربية ESP РУС DE FR RT News App

Search News Russia Former Soviet Union Business Sport Op-ed Games Entertainment Shows Projects RT Play Live Applications Where to watch Schedule Sponsored content On-Air Talent Terms of Use Privacy policy About RT Contact info Feedback Complaints Vacancies Autonomous Nonprofit Organization "TV-Novosti", 2005–2022. All rights reserved.

This website uses cookies. Read RT Privacy policy to find out more.

25 Feb, 2022 05:15 HomeRussia FSU EU says new sanctions will strip Russia of 'prosperous future' The bloc says it will be imposing measures on 70% of Russia's banking industry in response to military action in Ukraine EU says new sanctions will strip Russia of 'prosperous future' European Commission headquarters in Brussels, Belgium, October 2020 Getty Images / Nicolas Economou; NurPhoto The European Union (EU) has announced sanctions aimed at derailing Russia's oil, banking, technology, and airline industries. The move would also target the Russian elite's money in Europe, stripping diplomats and business-people of preferential access to the EU.

In response to Russia's military attack on Ukraine, European Commission President Ursula von der Leyen on Thursday announced a package of sanctions with the stated goal of cutting "Russia's access to the most important capital markets."

"We are now targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defense, and these sanctions will increase Russia's borrowing costs, raise inflation, and gradually erode Russia's industrial base," von der Leyen declared on Thursday, revealing that the EU was "also targeting the Russian elite by curbing their deposits so that they cannot hide their money anymore in safe havens in Europe."

Financial sanctions, technology curbs and visa restrictions.European Commission President Ursula von der Leyen outlines the bloc's sanctions on Russia for attacking Ukraine https/t.co/rkelnKw5d8pic./fvVpUjsNs4

— Bloomberg Quicktake (@Quicktake) February 25, 2022 The European Union will also work to make it "impossible for Russia to upgrade its oil refineries" and to "ban the sale of all aircraft spare parts and equipment to Russian airlines" in an effort to "degrade the key sector of Russia's economy and the country's connectivity," von der Leyen revealed, noting that "three-quarters of Russia's current commercial fleets were built in the European Union, the US, and Canada."

العربيةESPРУСDEFR Where to watch Schedule RT Shop RT News App QUESTION MORE LIVE Russia Former Soviet Union World News Business Sport Op-ed Games Entertainment Shows Projects UKRAINE READY TO DISCUSS NEUTRALITY, ZELENSKY SAYS EU says new sanctions will strip Russia of 'prosperous future' EU says new sanctions will strip Russia of 'prosperous future' Explosions over Kiev result of missile interception – Ukrainian official Anonymous declare 'cyber war' against Russia Zelensky orders general mobilization Macron reveals details of call with Putin Hundreds detained at anti-war protests in Russia UK outlines efforts to cut Russia from SWIFT UK outlines efforts to cut Russia from SWIFT US 'prepared' to take Ukrainian refugees US 'prepared' to take Ukrainian refugees Australia and Japan announce new Russia sanctions Australia and Japan announce new Russia sanctions Russian military attack on Ukraine: How we got there LIST Russian military attack on Ukraine: How we got there Biden reveals update on Russia and SWIFT Biden reveals update on Russia and SWIFT Macron calls Putin over Ukraine Macron calls Putin over Ukraine Kiev imposes nighttime curfew Kiev imposes nighttime curfew Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine ANALYSIS Ukrainian MPs call on Zelensky to start talks with Putin Ukrainian MPs call on Zelensky to start talks with Putin Videos purportedly show Russian offensive against Ukraine Military cargo aircraft crashes in Russia's south

OSCE evacuates international monitors from Ukraine OSCE evacuates international monitors from Ukraine Erdogan takes stance on Russia's Ukraine offensive Erdogan takes stance on Russia's Ukraine offensive Shock Djokovic defeat makes Medvedev tennis king Shock Djokovic defeat makes Medvedev tennis king Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Biden orders 7,000 US troops to Germany amid Ukraine crisis Russia reports loss of warplane in Ukraine Leonid Gankin: War between Russia Ukraine would be a nightmare Leonid Gankin: War between Russia Ukraine would be a nightmare ANALYSIS Top stories Biden has 'no plans' to talk to Putin Biden has 'no plans' to talk to Putin Moscow claims this is culmination of 8 year Ukrainian war 'Complete rupture' in US-Russia relations – Biden Biden imposes 'long-term impact' sanctions on Russia over Ukraine Russia ready to negotiate with Ukraine – Kremlin Switzerland sanctions Russian banks, politicians Russian troops seize Chernobyl nuclear power plant – Kiev NATO activating 'defense plans' for allies – Stoltenberg Op-Ed Calls to ban RT in UK show what politicians really think of free speech Calls to ban RT in UK show what politicians really think of free speech Lee Camp: How US government was bought for $14.4bn Why a war may be the only solution Americans can bring to this conflict If Le Pen falls out of the race, Macron's presidency may be on knife edge After Covid, we must embrace critical thinking again Why isn't America listening to the advice on NATO expansion of its foremost 20th century expert on Russia? Now meat eaters stand accused of sexism and racism The unlikely nation now at the centre of US-China tensions EU leaders warn Russia of 'massive consequences' EU leaders warn Russia of 'massive consequences' 'War criminals' go straight to hell, Ukrainian UN ambassador tells Russia Ukrainian airspace shuts down for civilian aircraft IOC claims Russia has broken UN-backed Olympic Truce Navalny condemns war against Ukraine Navalny condemns war against Ukraine China comments on Russian operation in Ukraine Foreign officials resign from boards of Russian corporations Telegram experiencing outages in Europe How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right FEATURE Putin will decide when Ukraine offensive ends – Kremlin Putin will decide when Ukraine offensive ends – Kremlin Ukraine crisis sends global markets plummeting Ukraine crisis sends global markets plummeting Ukraine cuts diplomatic ties with Russia Ukraine cuts diplomatic ties with Russia Oil breaches $105 as Russia-Ukraine conflict intensifies Oil breaches $105 as Russia-Ukraine conflict intensifies

Ukraine ready to discuss neutrality, Zelensky says Ukraine ready to discuss neutrality, Zelensky says Britain would support Ukraine's government in exile – Johnson Britain would support Ukraine's government in exile – Johnson FIFA chief reacts to pressure over Russia's World Cup campaign FIFA chief reacts to pressure over Russia's World Cup campaign Kyle Rittenhouse teases LeBron James lawsuit Kyle Rittenhouse teases LeBron James lawsuit Countries sign off on Airbus military drone program Countries sign off on Airbus military drone program UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot Ukraine evacuating Moscow embassy Ukraine evacuating Moscow embassy Iran claims NATO provoked Russia Iran claims NATO provoked Russia MORE العربية ESP РУС DE FR RT News App

Search News Russia Former Soviet Union Business Sport Op-ed Games Entertainment Shows Projects RT Play Live Applications Where to watch Schedule Sponsored content On-Air Talent Terms of Use Privacy policy About RT Contact info Feedback Complaints Vacancies Autonomous Nonprofit Organization "TV-Novosti", 2005–2022. All rights reserved.

This website uses cookies. Read RT Privacy policy to find out more.

25 Feb, 2022 05:15 HomeRussia FSU EU says new sanctions will strip Russia of 'prosperous future' The bloc says it will be imposing measures on 70% of Russia's banking industry in response to military action in Ukraine EU says new sanctions will strip Russia of 'prosperous future' European Commission headquarters in Brussels, Belgium, October 2020 Getty Images / Nicolas Economou; NurPhoto The European Union (EU) has announced sanctions aimed at derailing Russia's oil, banking, technology, and airline industries. The move would also target the Russian elite's money in Europe, stripping diplomats and business-people of preferential access to the EU.

In response to Russia's military attack on Ukraine, European Commission President Ursula von der Leyen on Thursday announced a package of sanctions with the stated goal of cutting "Russia's access to the most important capital markets."

"We are now targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defense, and these sanctions will increase Russia's borrowing costs, raise inflation, and gradually erode Russia's industrial base," von der Leyen declared on Thursday, revealing that the EU was "also targeting the Russian elite by curbing their deposits so that they cannot hide their money anymore in safe havens in Europe."

Financial sanctions, technology curbs and visa restrictions.European Commission President Ursula von der Leyen outlines the bloc's sanctions on Russia for attacking Ukraine https/t.co/rkelnKw5d8pic./fvVpUjsNs4

— Bloomberg Quicktake (@Quicktake) February 25, 2022 The European Union will also work to make it "impossible for Russia to upgrade its oil refineries" and to "ban the sale of all aircraft spare parts and equipment to Russian airlines" in an effort to "degrade the key sector of Russia's economy and the country's connectivity," von der Leyen revealed, noting that "three-quarters of Russia's current commercial fleets were built in the European Union, the US, and Canada."

العربيةESPРУСDEFR Where to watch Schedule RT Shop RT News App QUESTION MORE LIVE Russia Former Soviet Union World News Business Sport Op-ed Games Entertainment Shows Projects UKRAINE READY TO DISCUSS NEUTRALITY, ZELENSKY SAYS EU says new sanctions will strip Russia of 'prosperous future' EU says new sanctions will strip Russia of 'prosperous future' Explosions over Kiev result of missile interception – Ukrainian official Anonymous declare 'cyber war' against Russia Zelensky orders general mobilization Macron reveals details of call with Putin Hundreds detained at anti-war protests in Russia UK outlines efforts to cut Russia from SWIFT UK outlines efforts to cut Russia from SWIFT US 'prepared' to take Ukrainian refugees US 'prepared' to take Ukrainian refugees Australia and Japan announce new Russia sanctions Australia and Japan announce new Russia sanctions Russian military attack on Ukraine: How we got there LIST Russian military attack on Ukraine: How we got there Biden reveals update on Russia and SWIFT Biden reveals update on Russia and SWIFT Macron calls Putin over Ukraine Macron calls Putin over Ukraine Kiev imposes nighttime curfew Kiev imposes nighttime curfew Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine Sergey Karaganov: Russia's new foreign policy, the Putin Doctrine ANALYSIS Ukrainian MPs call on Zelensky to start talks with Putin Ukrainian MPs call on Zelensky to start talks with Putin Videos purportedly show Russian offensive against Ukraine Military cargo aircraft crashes in Russia's south

OSCE evacuates international monitors from Ukraine OSCE evacuates international monitors from Ukraine Erdogan takes stance on Russia's Ukraine offensive Erdogan takes stance on Russia's Ukraine offensive Shock Djokovic defeat makes Medvedev tennis king Shock Djokovic defeat makes Medvedev tennis king Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Husband of cinematographer shot by Alec Baldwin speaks in first TV interview Biden orders 7,000 US troops to Germany amid Ukraine crisis Russia reports loss of warplane in Ukraine Leonid Gankin: War between Russia Ukraine would be a nightmare Leonid Gankin: War between Russia Ukraine would be a nightmare ANALYSIS Top stories Biden has 'no plans' to talk to Putin Biden has 'no plans' to talk to Putin Moscow claims this is culmination of 8 year Ukrainian war 'Complete rupture' in US-Russia relations – Biden Biden imposes 'long-term impact' sanctions on Russia over Ukraine Russia ready to negotiate with Ukraine – Kremlin Switzerland sanctions Russian banks, politicians Russian troops seize Chernobyl nuclear power plant – Kiev NATO activating 'defense plans' for allies – Stoltenberg Op-Ed Calls to ban RT in UK show what politicians really think of free speech Calls to ban RT in UK show what politicians really think of free speech Lee Camp: How US government was bought for $14.4bn Why a war may be the only solution Americans can bring to this conflict If Le Pen falls out of the race, Macron's presidency may be on knife edge After Covid, we must embrace critical thinking again Why isn't America listening to the advice on NATO expansion of its foremost 20th century expert on Russia? Now meat eaters stand accused of sexism and racism The unlikely nation now at the centre of US-China tensions EU leaders warn Russia of 'massive consequences' EU leaders warn Russia of 'massive consequences' 'War criminals' go straight to hell, Ukrainian UN ambassador tells Russia Ukrainian airspace shuts down for civilian aircraft IOC claims Russia has broken UN-backed Olympic Truce Navalny condemns war against Ukraine Navalny condemns war against Ukraine China comments on Russian operation in Ukraine Foreign officials resign from boards of Russian corporations Telegram experiencing outages in Europe How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right How Ukraine's 'Revolution of Dignity' led to war, poverty and the rise of the far right FEATURE Putin will decide when Ukraine offensive ends – Kremlin Putin will decide when Ukraine offensive ends – Kremlin Ukraine crisis sends global markets plummeting Ukraine crisis sends global markets plummeting Ukraine cuts diplomatic ties with Russia Ukraine cuts diplomatic ties with Russia Oil breaches $105 as Russia-Ukraine conflict intensifies Oil breaches $105 as Russia-Ukraine conflict intensifies

Ukraine ready to discuss neutrality, Zelensky says Ukraine ready to discuss neutrality, Zelensky says Britain would support Ukraine's government in exile – Johnson Britain would support Ukraine's government in exile – Johnson FIFA chief reacts to pressure over Russia's World Cup campaign FIFA chief reacts to pressure over Russia's World Cup campaign Kyle Rittenhouse teases LeBron James lawsuit Kyle Rittenhouse teases LeBron James lawsuit Countries sign off on Airbus military drone program Countries sign off on Airbus military drone program UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot UK's Johnson announces raft of new sanctions on Russia, bans Aeroflot Ukraine evacuating Moscow embassy Ukraine evacuating Moscow embassy Iran claims NATO provoked Russia Iran claims NATO provoked Russia MORE العربية ESP РУС DE FR RT News App

Search News Russia Former Soviet Union Business Sport Op-ed Games Entertainment Shows Projects RT Play Live Applications Where to watch Schedule Sponsored content On-Air Talent Terms of Use Privacy policy About RT Contact info Feedback Complaints Vacancies Autonomous Nonprofit Organization "TV-Novosti", 2005–2022. All rights reserved.

This website uses cookies. Read RT Privacy policy to find out more.

25 Feb, 2022 05:15 HomeRussia FSU EU says new sanctions will strip Russia of 'prosperous future' The bloc says it will be imposing measures on 70% of Russia's banking industry in response to military action in Ukraine EU says new sanctions will strip Russia of 'prosperous future' European Commission headquarters in Brussels, Belgium, October 2020 Getty Images / Nicolas Economou; NurPhoto The European Union (EU) has announced sanctions aimed at derailing Russia's oil, banking, technology, and airline industries. The move would also target the Russian elite's money in Europe, stripping diplomats and business-people of preferential access to the EU.

In response to Russia's military attack on Ukraine, European Commission President Ursula von der Leyen on Thursday announced a package of sanctions with the stated goal of cutting "Russia's access to the most important capital markets."

"We are now targeting 70% of the Russian banking market, but also key state-owned companies, including the field of defense, and these sanctions will increase Russia's borrowing costs, raise inflation, and gradually erode Russia's industrial base," von der Leyen declared on Thursday, revealing that the EU was "also targeting the Russian elite by curbing their deposits so that they cannot hide their money anymore in safe havens in Europe."

Financial sanctions, technology curbs and visa restrictions.European Commission President Ursula von der Leyen outlines the bloc's sanctions on Russia for attacking Ukraine https/t.co/rkelnKw5d8pic./fvVpUjsNs4

— Bloomberg Quicktake (@Quicktake) February 25, 2022 The European Union will also work to make it "impossible for Russia to upgrade its oil refineries" and to "ban the sale of all aircraft spare parts and equipment to Russian airlines" in an effort to "degrade the key sector of Russia's economy and the country's connectivity," von der Leyen revealed, noting that "three-quarters of Russia's current commercial fleets were built in the European Union, the US, and Canada."