EU plans new Russia sanctions by war anniversary

KYIV (AFP): The European Union plans to slap Russia with fresh sanctions by the anniversary of Moscow’s invasion of Ukraine, European Commission chief Ursula von der Leyen said on a visit to Kyiv Thursday.

“We will introduce with our G7 partners an additional price cap on Russian petroleum products, and by the 24th of February — exactly one year since the invasion started — we aim to have the 10th package of sanctions in place,” von der Leyen said during a press conference with Ukraine’s President Volodymyr Zelensky.

Existing sanctions are “eroding” Russia’s economy, she said, and “throwing it back by a generation,” estimating that an existing oil price cap alone is costing Moscow around 160 million euros every day.