The European Union has unveiled a comprehensive package of sanctions aimed at crippling Russia's ability to finance its military efforts in Ukraine.
The proposed measures, announced by European Commission President Ursula von der Leyen, target key sectors of the Russian economy, including banks, energy companies, and cryptocurrency operators.
The EU plans to expand transaction bans to cover 31 additional Russian banks and impose restrictions on crypto firms and oil traders in third countries accused of facilitating transactions for sanctioned entities.
Brussels also intends to restrict the sale of liquefied natural gas tankers to Russia, mirroring existing curbs on oil tankers.
The proposal includes new export restrictions on technologies and materials used by Russia's military-industrial sector, including metals and alloys employed in aerospace, defense, and drone production.