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EU approves new sanctions package against Russia, diplomats say

  • The EU adopted its 16th package of sanctions against Russia, targeting key sectors and individuals involved in the war on Ukraine, according to the EU Council statement.
  • Sanctions affected 83 individuals and entities undermining Ukraine's integrity and placed restrictions on Russia's shadow fleet of 153 ships, according to the council.
  • The package imposed a transaction ban on foreign financial institutions using Russia's SPFS system and restricted trade on critical military technology and industrial materials, as reported by the EU.
  • Kaja Kallas emphasized the need to support Ukraine and mentioned that every sanction package deprives the Kremlin of war funds. Kallas stated, 'We have to support Ukraine right now, more than ever.
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Property Industry Eye broke the news in on Monday, February 24, 2025.
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