EU Announces Intent to Impose 10th Sanctions Package on Russia
The EU is readying its 10th package of sanctions against Russia following its invasion of Ukraine, European Commission President Ursula von der Leyen announced in a Feb. 3 statement following the EU-Ukraine summit. Aiming to have the sanctions package imposed by the Feb. 24 one-year anniversary of the war, the EU reportedly will focus on technology that Russia's military could use and on reducing sanctions circumvention.
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"It has a volume of round about EUR 10 billion," von der Leyen said. "It is a massive package again. The plan is to focus once more on technology that can and should not be used by Russia's war machine. In other words, we look deeper into components that were found, for example, in drones to make sure that there is zero availability for Russia of these technologies or the drones production, for example, in Iran that we are following closely. As a third element, we will focus intensively on cutting circumvention. This is a topic. So the tenth package will also have proposals to fight circumvention."