The European Union plans to implement another package of strict sanctions against the Russian Federation, which will affect several key sectors of the Russian economy, including energy, finance, and trade.
This is reported by Finway
Increasing pressure on the Russian economy
European Commission President Ursula von der Leyen emphasized the importance of further strong responses from the EU to Moscow’s aggressive policies. According to her, the existing sanctions have a significant impact on the Russian economy. It is expected that in 2025, the growth of Russia’s gross domestic product will slow down to 0.9% after 4.3% in 2024.
“Our sanctions are yielding results. It is projected that Russia’s GDP will slow from 4.3% in 2024 to 0.9% in 2025. We must increase the pressure”
Ban on the import of Russian liquefied gas
One of the main innovations of the upcoming sanctions package will be a complete ban on the import of liquefied natural gas from Russia. This step aims to further limit Russia’s financial inflows from energy exports and complicate the Russian Federation’s access to European markets. In addition to energy, the new sanctions will also affect other important sectors related to finance and trade operations.
The new EU sanctions package is set to be another step in countering the financing of military actions and aggression from Russia, while maintaining stability and security on the European continent.