EC head Ursula von der Leyen announced 10th round of sanctions package against Russia from Ukraine

Ursula von der Leyen met with Zelensky in Kiev

The president of the European Commission, Ursula von der Leyen, announced today from Kyiv that the European Union is planning the 10th round of sanctions against Moscow on the occasion of the anniversary of the invasion of Ukraine, on February 24. “Between now and February 24, exactly one year after the start of the invasion, we plan to put the tenth package of sanctions into effect,” she announced at a joint press conference with Ukrainian President Volodymyr Zelensky.

 

“Today Russia is paying a heavy price because our sanctions are eroding its economy, setting it back by a generation,” she said, as Brussels has adopted a barrage of sanctions for nearly a year to curb Moscow’s revenue for supporting her invasion.

Among the measures against Russia is the ceiling on the price of Russian oil intended for export at 60 dollars.

According to Von der Leyen, the ceiling set at the beginning of December by the EU, the Group of Seven most developed industrialized countries (G7), and Australia, “is already costing Moscow around 160 million euros per day”.

In early December, the EU also imposed an embargo on Russian crude oil transported by sea. This will be extended from Sunday to the market of Russian refined petroleum products and the G7 countries will also put a ceiling on the price of these products.

In response, moreover, to a question about recent efforts to fight corruption in Ukraine, a critical issue for the wartime country and its future EU membership, Ursula von der Leyen, with Volodymyr Zelensky at her side, welcomed the “rapid political” reaction so that this battle has “tangible results”.

For his part, Volodymyr Zelensky requested the imposition of more sanctions by the EU against Russia. The Ukrainian president estimated that the speed of the European sanctions campaign against Russia has “slowed down a little” and that it should be strengthened.