![]() The new sanctions, which the bloc says will deprive Russia of a further 7 billion euros ($6.9 billion) in revenues, extend a ban on imports from Russia of steel and steel products, imports of wood pulp and paper, imports of machinery and appliances not yet covered by existing sanctions. "This package - which has been closely coordinated with our international partners - responds to Russia's continued escalation and illegal war against Ukraine, including by illegally annexing Ukrainian territory based on sham 'referenda,' mobilizing additional troops, and issuing open nuclear threats," the commission said in a statement. ![]() The European Commission welcomed the adoption of what it called fresh hard-hitting sanctions against Russia for its aggression against Ukraine. The package, which was formalized on October 6 in the absence of any objections from the 27 EU members, is meant to deprive Moscow of billions of euros in revenues from the sale of products that the EU says generate significant revenues for Russia. The European Union's eighth sanctions package on Russia over its war in Ukraine was officially adopted on October 6 after gaining final approval the previous day, the bloc's executive arm said. ![]()
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