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EU to impose new sanctions on Russia by Ukraine invasion anniversary

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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 Zelenskyy.


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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.

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