Highlights

EU approves new sanctions. UK targets Russian GRU. NATO condemns cyberattacks.

Latest news

RBI announces Rs 30,000 crore G-Sec underwriting auction, releases OMO purchase results

RBI announces Rs 30,000 crore G-Sec underwriting auction, releases OMO purchase results

Sriram Raghavan, Dibakar Banerjee, other filmmakers onboard to judge films at MAMI Mumbai Film Festival 2026

Sriram Raghavan, Dibakar Banerjee, other filmmakers onboard to judge films at MAMI Mumbai Film Festival 2026

Gold should now be seen more as an "insurance policy", SIP route advisable at current levels: Analysts

Gold should now be seen more as an "insurance policy", SIP route advisable at current levels: Analysts

AAP MLA Hemant Khava flags poor road conditions, questions toll tax usage in Gujarat

AAP MLA Hemant Khava flags poor road conditions, questions toll tax usage in Gujarat

AAP calls Punjab district panchayat win historic, eyes Gujarat local body polls

AAP calls Punjab district panchayat win historic, eyes Gujarat local body polls

Gujarat AAP MLA Chaitar Vasava questions police action against tribal villagers in Banaskantha

Gujarat AAP MLA Chaitar Vasava questions police action against tribal villagers in Banaskantha

Sitharaman introduced Securities Markets Code Bill in Lok Sabha, proposes to send it to parliamentary committee

Sitharaman introduced Securities Markets Code Bill in Lok Sabha, proposes to send it to parliamentary committee

OnePlus 15R review: A clear shift in what the R-series stands for

OnePlus 15R review: A clear shift in what the R-series stands for

EU and UK Intensify Sanctions on Russia Over Ukraine Conflict

EU implements new sanctions against Russia, targeting energy, oil tankers, military intelligence. UK also imposes sanctions on GRU. NATO condemns cyberattacks. Import bans aim to block Russia's export channels.

EU and UK Intensify Sanctions on Russia Over Ukraine Conflict

Brussels, Jul 18 (AP) - On Friday, the European Union and the United Kingdom intensified their stance against Russia's ongoing conflict in Ukraine by implementing new sanctions targeting Moscow’s energy sector, a clandestine fleet of aging oil tankers, and its military intelligence services. “The message is clear: Europe will not back down in its support for Ukraine. The EU will keep raising the pressure until Russia ends its war,” declared EU foreign policy chief Kaja Kallas after the bloc approved these measures, which include a new oil price cap. Kallas emphasized that it is “one of its strongest sanctions packages against Russia to date” related to the conflict, now entering its fourth year. European countries are also beginning to purchase U.S. weapons for Ukraine to bolster its defense capabilities. Ukrainian President Volodymyr Zelenskyy welcomed the new measures, describing them as a “timely and necessary” step amid intensified Russian attacks. “All infrastructure of Russia's war must be blocked,” he added, noting that Ukraine will align its sanctions with the EU and introduce its own additional measures soon. Meanwhile, Kremlin spokesman Dmitry Peskov dismissed the EU's moves, labeling the unilateral restrictions as “unlawful”, and noted that Russia has “acquired certain immunity from sanctions” and has adapted to live under such measures. They will analyze the new package to minimize any negative impacts. The UK has Russia's spies in its sights as well, imposing sanctions on units of Russia's military intelligence service, GRU. Included were 18 officers accused by the UK of planning a 2022 bombing of a theatre in southern Ukraine and targeting the family of a former Russian spy who later fell victim to a nerve agent poisoning. Hundreds of civilians who were sheltering in the theatre in Mariupol died in March 2022, shortly after the invasion commenced. UK Foreign Secretary David Lammy stated, “GRU spies are running a campaign to destabilise Europe, undermine Ukraine’s sovereignty, and threaten the safety of British citizens.” Additionally, NATO condemned Russian cyberattacks, affirming that they will respond at a time and manner of their choosing, in accordance with international law and in collaboration with partners such as the EU. The European Commission had proposed to lower the oil price cap from $60 to $45 to undermine Russia's significant energy revenues. However, the 27 member countries settled on a price of just under $48 per barrel. The EU hoped to gain support from the G7 nations to widen the cap's effect, but could not secure cooperation from the Trump administration. Oil income remains the cornerstone of Russia's economy, enabling President Vladimir Putin to finance the military without exacerbating inflation or causing a currency collapse. An import ban was also enforced to plug loopholes allowing Russia to export crude oil indirectly through non-EU countries. Further action targeted the Nord Stream pipelines linking Russia and Germany, aiming to prevent future economic benefit for Putin and discourage potential investors. Sanctions also extended to Rosneft's refinery in India and aimed at Russia's banking sector to limit financial transactions and capital generation, with two Chinese banks added to the sanctions list. Since Russia's incursion into Ukraine on February 24, 2022, the EU has imposed multiple sanction rounds, impacting over 2,400 officials and entities with asset freezes and travel bans. However, reaching consensus on each new round is getting increasingly challenging as these measures increasingly impact the economies of EU member states. Slovakia delayed the latest package due to concerns over halting Russian gas supplies, essential to its needs. German Chancellor Friedrich Merz revealed he had been in frequent contact with Slovak Prime Minister Robert Fico to persuade him, lamenting the slow decision-making process. The previous sanction round, enacted in May, targeted nearly 200 ships within Russia’s shadow fleet of ships circumventing sanctions. On Friday, an additional 105 vessels were barred from docking at European ports or engaging in ship-to-ship transfers, bringing the total number now sanctioned to over 400. (AP)

(Only the headline of this report may have been reworked by Editorji; the rest of the content is auto-generated from a syndicated feed.)

ADVERTISEMENT

Up Next

EU and UK Intensify Sanctions on Russia Over Ukraine Conflict

EU and UK Intensify Sanctions on Russia Over Ukraine Conflict

India closes visa application centre in Bangladesh capital due to security situation

India closes visa application centre in Bangladesh capital due to security situation

Pakistan to sell 100 pc stake in PIA after bidders demand complete control post-privatisation

Pakistan to sell 100 pc stake in PIA after bidders demand complete control post-privatisation

India, Oman to sign free trade agreement in Muscat on Thursday

India, Oman to sign free trade agreement in Muscat on Thursday

India and Ethiopia are natural partners, says PM Modi in Ethiopian Parliament

India and Ethiopia are natural partners, says PM Modi in Ethiopian Parliament

Trump calls for global unity against radical Islamic terrorism after Bondi attack

Trump calls for global unity against radical Islamic terrorism after Bondi attack

ADVERTISEMENT

editorji-whatsApp

More videos

India, Ethiopia elevate ties to strategic partnership as PM Modi holds talks with his counterpart

India, Ethiopia elevate ties to strategic partnership as PM Modi holds talks with his counterpart

PM Modi conferred Ethiopia’s highest civilian honour in Addis Ababa

PM Modi conferred Ethiopia’s highest civilian honour in Addis Ababa

Trump imposes full travel bans on seven more countries, Palestinians

Trump imposes full travel bans on seven more countries, Palestinians

EAM S. Jaishankar arrives in Israel on two-day visit; to hold talks with top leadership

EAM S. Jaishankar arrives in Israel on two-day visit; to hold talks with top leadership

Prime Minister Narendra Modi departed for Ethiopia from Jordan

Prime Minister Narendra Modi departed for Ethiopia from Jordan

Magnitude 5.2 earthquake shakes Karachi and Balochistan, no casualty reported

Magnitude 5.2 earthquake shakes Karachi and Balochistan, no casualty reported

Crown Prince drives PM Modi to Jordan Museum in special gesture

Crown Prince drives PM Modi to Jordan Museum in special gesture

PM Modi highlights substantive outcomes of Jordan visit, says ties expanded across key sectors

PM Modi highlights substantive outcomes of Jordan visit, says ties expanded across key sectors

Trump sues BBC for $10 billion over documentary speech edit

Trump sues BBC for $10 billion over documentary speech edit

Goa nightclub fire: Thai authorities deport Luthra brothers to India

Goa nightclub fire: Thai authorities deport Luthra brothers to India

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.