EU envoys will meet on Wednesday to discuss a 15th round of sanctions targeting Russian oil tankers and Chinese firms involved in drone production for Moscow. The new measures aim to further restrict Russia’s access to financial assets and tighten pressure on its oil revenue.
European Union envoys are set to meet on Wednesday to discuss a 15th round of sanctions against Russia in response to its 2022 invasion of Ukraine.
Among the proposed measures are sanctions targeting tankers transporting Russian oil and Chinese companies involved in the production of drones for Moscow, according to EU diplomats.
The new sanctions would add 29 entities and 54 individuals to the EU’s existing list, which already includes over 2,200 individuals and organisations. Those added to the list would face travel bans and asset freezes within the 27-member bloc, with little expectation of significant opposition, the diplomats noted.
A more substantial sanctions package is expected to be proposed in January, after Poland takes over the EU's rotating presidency from Hungary. Hungary’s Russia-friendly leader has previously delayed or blocked measures aimed at assisting Ukraine.
In September, Reuters revealed that Russia had established a weapons programme in China to develop and produce long-range attack drones. The proposed inclusion of 48 tankers in the sanctions list is part of ongoing efforts by Western allies to curb Russia’s oil revenues by reinforcing the G7 price cap on Russian oil, although Western officials acknowledge that the effectiveness of the cap is expected to wane over time.
The 16th sanctions package, anticipated later, is expected to impose tighter restrictions on Russian liquefied natural gas (LNG) flows and expand the use of the “No Russia” clause. This would require subsidiaries of EU companies based in third countries to prevent the re-export of certain goods to Russia.
The EU is also looking to target financial institutions that help Russia bypass Western sanctions, in a move similar to actions already taken by the United States earlier this year.
European foreign ministers agreed to increase pressure on Russia by imposing new sanctions targeting its energy and banking sectors amid ongoing conflict with Ukraine.
As G7 leaders prepare to meet, most member states are ready to cut the Russian oil price cap to $45 even without U.S. backing.
The European Union and Britain reached a landmark agreement Wednesday to ease border crossings in Gibraltar, ending years of uncertainty over the territory’s post-Brexit status.
The European Union and India reaffirmed their commitment to collaboration in third countries today, marking the start of a new phase in development cooperation.
Germany has welcomed the rare-earth trade truce between China and the U.S., calling it a positive step that could inspire similar progress in EU-U.S. talks.
George Russell claimed victory at the Canadian Grand Prix, securing Mercedes’ first win of the season in the 10th round of the Formula 1 World Championship.
A 6.1 magnitude earthquake struck central Peru, killing at least one person and causing damage across the capital, Lima.
A major Israeli airstrike in central Tehran has killed the head of Iran’s IRGC intelligence directorate and his deputy, dealing a serious blow to the country's internal security network.
Thousands gathered in Barcelona and other Spanish cities to protest the impact of mass tourism, accusing it of driving up housing costs and displacing residents.
At least six people were killed and several others injured after a bridge collapsed in Maharashtra’s Pune district.
Pakistan will begin its first freight train service to Russia from Lahore on June 22. The route is part of the INSTC and aims to connect Pakistan's rail network with Central Asia, establishing a new trade corridor via Iran, Turkmenistan, and Kazakhstan.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
Mexican President Claudia Sheinbaum has condemned U.S. immigration raids and National Guard deployment in Los Angeles, calling for reforms instead of enforcement.
Israel’s military says it has identified the body of top Hamas commander Mohammed Sinwar beneath a hospital in southern Gaza.
The Israeli military has issued an evacuation advisory for Iranian civilians living near weapons production sites and associated infrastructure within Iran. The message was shared on the social media platform X in both Arabic and Farsi by an official military spokesperson.
George Russell claimed victory at the Canadian Grand Prix, securing Mercedes’ first win of the season in the 10th round of the Formula 1 World Championship.
A 6.1 magnitude earthquake struck central Peru, killing at least one person and causing damage across the capital, Lima.
A major Israeli airstrike in central Tehran has killed the head of Iran’s IRGC intelligence directorate and his deputy, dealing a serious blow to the country's internal security network.
Thousands gathered in Barcelona and other Spanish cities to protest the impact of mass tourism, accusing it of driving up housing costs and displacing residents.
At least six people were killed and several others injured after a bridge collapsed in Maharashtra’s Pune district.
George Russell claimed victory at the Canadian Grand Prix, securing Mercedes’ first win of the season in the 10th round of the Formula 1 World Championship.
A 6.1 magnitude earthquake struck central Peru, killing at least one person and causing damage across the capital, Lima.
A major Israeli airstrike in central Tehran has killed the head of Iran’s IRGC intelligence directorate and his deputy, dealing a serious blow to the country's internal security network.
Thousands gathered in Barcelona and other Spanish cities to protest the impact of mass tourism, accusing it of driving up housing costs and displacing residents.
At least six people were killed and several others injured after a bridge collapsed in Maharashtra’s Pune district.
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