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EU plans new Russia sanctions by war anniversary

02 February 2023 16:06 (UTC +04:00)

The European Union plans to slap Russia with fresh sanctions by the war anniversary, European Commission chief Ursula von der Leyen said on a visit to Kyiv Thursday, APA reports citing Arab News.

“We will introduce with our G7 partners an additional price cap on Russian petroleum products, and by the 24th of February — exactly one year since the war started — we aim to have the 10th package of sanctions in place,” von der Leyen said during a press conference with Ukraine’s President Volodymyr Zelensky.

Existing sanctions are “eroding” Russia’s economy, she said, and “throwing it back by a generation,” estimating that an existing oil price cap alone is costing Moscow around 160 million euros every day.