Russia attacked Ukraine on 24 February last year. Both Russia and Ukraine have suffered heavy losses due to the attack. Now on completion of one year of the war, the European Union has agreed on new sanctions on Russia.
One year has passed since the war between Russia and Ukraine. Russian President Putin, who started the war, is not ready to back down. Meanwhile, the European Union has given its nod to new sanctions on Russia on Friday. One year after the fighting, a meeting of the union took place in which a new round of sanctions against Russia was agreed upon.
This is the 10th package of sanctions imposed on Russia by the European Union. According to the new sanctions, action will be taken against individuals and organizations that support the war. Along with this, it was also said to provide military help to Ukraine.
On the other hand, on the completion of one year of the Russia-Ukraine war, on Friday, the US imposed new sanctions on Russian banks, companies and citizens. Russia’s metals and mining sector has also been targeted in the US Treasury Department’s most significant sanctions action so far.
The purpose of this decision, taken in coordination with the G-7 allied countries, is to impose economic sanctions on banks along with taking action on 250 people and companies, arms dealers. Treasury Secretary Janet Yellen said in a statement, “Our sanctions have both short-term and long-term effects, leaving Russia struggling to replenish its arms embargo and an isolated economy.”
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