EU Plans Russia Import Bans, Tech Curbs Over Putin Land Grab

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Eu plans russia import bans, tech curbs over putin land grab

Bloomberg Quicktake: Now published this video item, entitled “EU Plans Russia Import Bans, Tech Curbs Over Putin Land Grab” – below is their description.

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.

“We are determined to make the Kremlin pay for this further escalation,” she said.

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