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EU Commission to unveil new Russia sanctions on energy, banks – POLITICO


They come ahead of a G7 summit in Alberta, Canada that begins this weekend, with a handful of other major economies including India, Brazil, Mexico and Ukraine invited to take part.

“We are primarily concerned with sanctioning Russian energy and drying up Russia’s sources of finance,” Commission President Ursula von der Leyen said of the 18th package last week.

Brussels has sought to build support in Washington for a joint push against the revenues Moscow is using to fund its war.

U.S. Senator Lindsey Graham recently toured Europe to pitch a proposal to hit countries that buy Russian fossil fuels with a 500 percent tariff. Von der Leyen has said the EU would support that push with its own measures, although it’s highly unlikely the bloc would match it, and the White House has yet to throw its weight behind the idea.





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