We are talking about the sixth package of sanctions against Russia, says the EU ambassador to India

Traders are prepared for wilder fluctuations as the exchange rate increases stock volatility

European Union ambassador to India, Ugo Astuto, said the bloc is discussing forcing the 6th package of sanctions against Russia and need the withdrawal of troops from Ukraine. Elaborating on the purpose for sanctions, EU Ambassador said the 27-part bloc wants to affect the military capabilities of Russia, from the corrective measures. Prior in the month, EU foreign policy chief Josep Borrell said that European Union is dealing with the next package of anti-Russia sanctions that aims to “de-swift’ more banks and target imports of Russian oil.

He called Russian action in Ukraine “unprovoked and unjustified aggression” against a peaceful neighbour.

“We have launched five packages of sanctions. We are discussing the sixth one. These sanctions are unprecedented. it’s extremely significant that they cover a wide range of topics and that there are financial sanctions, there is a listing of personalities responsible for aggression. We have a ban on aircraft from Russia on shipping, and we are exploring other options,” Astuto told ANI adding that the “purpose is clear to stop the war hostilities and Russia to withdraw its troops.”

“What the European Union is doing, is to implement sanctions and isolate Russian leadership. Through the sanctions, we want to affect the military capabilities of Russia. We want to have an impact on the capacity of Russia to continue its military operation in Ukraine. And then we want to make those responsible for this decision accountable and so that is the purpose of these sanctions,” he said.

Last month, the European Council, in its fifth package of economic and individual sanctions against Russia, had agreed on package including a series of measures intended to reinforce pressure on the Russian government and economy.

“Russia’s unprovoked war against Ukraine affects global security. We are working on the 6th package of sanctions which aims to de-swift more banks, list disinformation actors and tackle oil imports. These measures will be presented to the Council for approval,” Borrell tweeted.

The package comprised a prohibition to purchase, import or transfer coal and other solid fossil fuels into the EU. It also included further export bans, targeting jet fuel and other goods such as quantum computers and advanced semiconductors.

Check the latest news about business news section for best information.

The best source of news - newszf.com
Compare items
  • Total (0)