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Important developments related to Russia’s attack on Ukraine

Brussels. European Union leaders have agreed to impose additional financial and monetary sanctions on Russia after a gathering that lasted practically six hours.

The EU Council president accused Russia of creating “false and useless excuses” to justify its invasion of Ukraine and mentioned sanctions would hurt the Russian authorities.

A authorized draft of those sanctions is anticipated to be finalized at night time and offered to the overseas ministers of EU member states for approval on Friday.

EU Fee President Ursula von der Leyen mentioned it concerned concentrating on 70 % of the Russian banking market and main authorities firms.

He mentioned Russia’s vitality sector would even be focused, making it “impossible for it to update its refineries”. There may even be a ban on the sale of software program, semiconductors, and many others. to Russia.

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