HomeCompany NewsEU plans most far-reaching sanctions package against Russia in autumn, foreign chief...

EU plans most far-reaching sanctions package against Russia in autumn, foreign chief says

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FRANKFURT, Aug ‌17 (Reuters) - The EU intends ​to significantly expand sanctions against Russia in ⁠the coming months, EU foreign policy chief Kaja Kallas told a German ​newspaper.

"EU sanctions have already cost Russia dearly, ‌depriving Russia's war machine of over €1 trillion ($1.16 trillion) and for autumn I am ⁠putting forward the most ⁠far-reaching sanctions listings since the start of the war," she told German daily newspaper Die Welt.

"Once adopted, ‌they would immediately raise the total ⁠number of sanctioned Russian ‌entities by a ​third. The pressure must keep growing until Moscow ends its war."

Kallas did ‌not elaborate further on ​timing or ⁠details of the new sanctions package.

The ‌EU in July ⁠approved its most recent sanctions package against Russia over its war in ​Ukraine, imposing ‌curbs on the country's banking sector and ⁠cryptocurrency networks.

($1 = 0.8646 ​euros)

(Reporting by Christoph Steitz; Editing ​by Nia Williams)

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