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Reuters
Reuters
Business
By Gabriela Baczynska, Sabine Siebold and Marine Strauss

EU executive proposes eighth batch of sanctions against Russia

European Commission President Ursula von der Leyen addresses the media on the Ukraine crisis, in Brussels, Belgium, September 28, 2022. REUTERS/Yves Herman

The European Union executive proposed on Wednesday an eighth round of sanctions against Russia over its invasion of Ukraine, including tighter trade restrictions, more individual blacklistings and an oil price cap for third countries.

The proposal will now go to the bloc's 27 member countries, which will need to overcome their differences to implement the new sanctions on top of seven sets of punitive measures imposed on Russia since its forces swept into Ukraine on Feb. 24.

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