NextGen Day

BRUSSELS. In reaction to the crisis in Ukraine, European Union ambassadors agreed on Wednesday to impose new sanctions on Russia and Belarus.

The French government, which is taking over the rotating presidency of the Council of the European Union, said on Twitter that EU ambassadors “agreed on new sanctions targeting Russian officials and oligarchs, as well as their family members, for their involvement in the Russian aggression against Ukraine.”

The EU envoys also agreed on measures to complete previous sanctions, including “excluding three Belarusian banks from the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system,” “clarifying the issue of cryptocurrencies,” and “adding new items to the list banning the export of technologies and goods,” according to the announcement.

The measures have still to be officially adopted by EU national capitals through a written procedure, which is likely to happen soon.

Belarus, a pro-Russian Eastern European country that shares borders with both Ukraine and Russia, has stated that it will not participate in Russia’s attack on Ukraine.

Aside from penalties, Russia’s war on Ukraine has drew international censure and prompted an exodus of multinational corporations from the country.

The EU had previously imposed three sanctions against Russia, targeting Russian President Vladimir Putin and top diplomat Sergey Lavrov, as well as removing seven Russian banks from the SWIFT international financial system and prohibiting Sputnik and RT media outlets from broadcasting.

According to UN data, at least 474 people have been killed and 864 more injured in Ukraine since the conflict began on February 24.

According to UN High Commissioner for Refugees Filippo Grandi, over 2 million people have left Ukraine to neighboring nations.

Moscow replied by producing a list of governments and territories that have engaged in “unfriendly activities against Russia, its firms, and individuals” in response to the sanctions.

According to the directive, these countries’ overseas debtors might be paid in rubles rather than foreign currencies.

President Vladimir Putin has also directed the government to compile a list of imports that would be prohibited or restricted.

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