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The second package of sanctions of the European Union (EU), agreed at an emergency summit on February 24, will affect 70% of the Russian banking market and key state-owned companies, including in the defense sector, said the head of the European Commission, Ursula von der Leyen.
In addition, this package includes restrictions on the Russian oil market.
According to von der Leyen, the EU authorities “are targeting the energy sector, a key area of the economy that is especially beneficial to the Russian state.” The sanctions will hit the oil sector because they will prevent “Russia from modernizing its refineries.”
The EU will also restrict Russia’s access to key technologies such as semiconductors and ban the sale of aircraft and equipment to Russian airlines.
All restrictive measures are related to the military operation of the Russian Federation on the territory of Ukraine.
Early Thursday morning, Russian President Vladimir Putin made an emergency appeal to the Russians and announced a special military operation in the Donbass. In his speech, he stated that “circumstances require decisive action from Russia,” adding that “Russia will not allow Ukraine to have nuclear weapons.”
You can follow the timeline of events here.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
