The European Union's executive arm proposed further sanctions against Russia on Friday over the Ukraine war, including a ban on shipping services that help Moscow's oil industry and measures targeting the country’s financial services and trade sectors.
European Commission President Ursula von der Leyen said that despite ongoing talks to end the war, “we must be clear-eyed: Russia will only come to the table with genuine intent if it is pressured to do so.”
The shipping services ban, which would need to be endorsed by EU member states, would “slash further Russia’s energy revenues and make it more difficult to find buyers for its oil,” she said.
