EU finalizing new round of sanctions against Russia

AP , Monday 14 Mar 2022

The European Union's foreign policy chief says the 27-country bloc is finalizing its new round of sanctions against Russia for its ``barbaric'' invasion of Ukraine.

 Josep Borrell
European Union High Representative for Foreign Affairs and Security Policy Josep Borrell looks on next to the EU flag, upon his meeting with North Macedonia s President Stevo Pendarovski at the Presidential office in Skopje, North Macedonia, Monday, March 14, 2022. AFP

Josep Borrell said Monday that the fourth package of coercive measures would target Russia's market access, membership in international financial institutions, and steel and energy sectors.

``We are listing more companies and individuals playing an active role in supporting the people who undermine Ukrainian sovereignty,'' Borrell said, after talks in Skopje on Monday with North Macedonia's Prime Minister Dimitar Kovachevski.

``This would be another major blow (to the) economic and logistic base upon which the Kremlin is building the invasion.''

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