EU Plans Russia Import Bans, Tech Curbs Over Putin Land Grab
- Von der Leyen says working toward price cap on Russian oil
- Package to ban EU nationals from roles in Russian state firms
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The European Union proposed a new package of sanctions on Moscow that would ban European companies from shipping Russian oil to third countries above an internationally set price cap.
European Commission President Ursula von der Leyen said the EU will propose a “sweeping” new import ban on Russian products that would cost Moscow 7 billion euros ($6.7 billion) in revenue, as well prohibit the sale of key technologies that could benefit its military.