Von Der Leyen Pitches New EU Sanctions on Russian Energy and Banks

Von der Leyen revealed that the new sanctions being considered by the EU are more ambitious than the measures adopted on Wednesday, focusing on critical sectors of the Russian economy.

Von der Leyen pitches new EU sanctions on Russian energy and banks

The next round of EU sanctions against Russia will target banks, the shadow fleet and Nord Stream, Ursula von der Leyen said on Friday.

The "massive" sanctions that European leaders have threatened in recent days will need US support.

The President of the Commission proposes in Tirana to hit the Russian financial system and reduce the price cap at which oil is imported to force Putin to negotiate a ceasefire. Read

Von der Leyen: EU ready to tighten sanctions to force Putin to negotiateThe European Union is ready to tighten sanctions pressure on Russia to force Putin to negotiate. The new sanctions package will include restrictions against "Nord Stream", shadow fleet vessels and banks.

Ukraine's European allies are preparing to impose new sanctions on Russian President Vladimir Putin for refusing to come to the long-awaited negotiations between Kiev and Moscow, held in Turkey, POLITICO reports.