European Union imposes new sanctions on Russian oligarchs amid ongoing Ukraine conflict
⢠The EU Council approved a new sanctions package on April 11 targeting 28 Russian oligarchs and 15 companies involved in military procurement, freezing assets valued at approximately âŹ3.2 billion. ⢠The sanctions aim to disrupt Russian defense supply chains and increase pressure on Moscow's ability to sustain military operations in Ukraine, with measures including travel bans and financial transaction restrictions. ⢠EU Foreign Affairs Chief Josep Borrell stated the sanctions demonstrate "unwavering support" for Ukraine, though critics argue they remain insufficient to alter Russian strategic calculations.
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