Russia is waging a cruel, ruthless war, also against Ukraine’s civilian population.

We need to sustain utmost pressure at this critical point.

So today we are proposing a 5th package of sanctions.
1 – An import ban on coal from Russia, worth €4 billion per year, cutting another important revenue source for Russia.

2 – A full transaction ban on 4 key Russian banks, among them VTB, the 2nd largest Russian bank.
3 – A ban on Russian & Russian operated vessels from accessing EU ports and a ban on Russian and Belarusian road transport operators.

4 – Further export bans, worth €10 billion, in crucial areas: advanced semiconductors, machinery and transport equipment
5 – Specific new import bans, worth €5.5 billion euros.

6 – Targeted measures, such as a ban on participation of Russian companies in public procurement in 🇪🇺 and exclusion of all financial support, EU or national to Russian public bodies.
Finally, we are also proposing further listings of individuals.

We are also working on additional sanctions, including on oil imports, and reflecting on some of the ideas of the Member States, like taxes or specific payment channels such as an escrow account.
Today over 40 countries apply sanctions like these.

To take a clear stand is crucial for the whole world.

A clear stand against Putin’s war of choice.

Against the massacre of civilians.

Against the violation of the fundamental principles of the world order.

Slava Ukrainje

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More from @vonderleyen

Apr 6
We have all seen the haunting images of Bucha.

This is what is happening when Putin´s soldiers occupy Ukrainian territory.

They call this liberation.
I call this war crimes.

The Russian authorities will have to answer for them. twitter.com/i/broadcasts/1…
Europe stands with Ukraine, more than ever.

We stand with Ukrainians in their devastated cities. With the millions who flee the invader.

We will do all we can so they can safely return home.
This is what @JosepBorrellF and I will tell President @ZelenskyyUa in Kyiv this week. Image
We must increase pressure on Putin and the Russian government again.

So we propose to tighten our sanctions even further.

They limit the Kremlin´s political and economic options.

They affect Russia much harder than us.

And they will not be our last sanctions. Image
Read 4 tweets
Apr 1
Open and frank exchange today at the 🇪🇺🇨🇳 Summit

There must be respect for international law and Ukraine’s sovereignty and territorial integrity.

China, as a Permanent member of the UN Security Council, has a special responsibility.
twitter.com/i/broadcasts/1…
China’s reputation is at stake.
 
This is about trust, reliability and decisions on long-term investments.
 
Every day 🇪🇺🇨🇳 trade amounts to €2 billion.

🇷🇺🇨🇳 trade, €330 million.
 
A prolongation of the war and more disruption to the world economy is in no-one’s interest.
We continue to cooperate constructively on climate.
 
We want to build on this to prepare for #COP27.

The high prices of fossil fuels should encourage us to move towards renewables and decarbonisation.
Read 4 tweets
Mar 25
But to drive prices down and enhance our energy security in the longer-term, we have to look at the root cause of the price spike.

Namely high and volatile gas prices and their impact on electricity prices.
With a true European approach to buying pipeline gas, we have important leverage.

So instead of outbidding each other and driving prices up, we should pull our common weight.

This is why we are proposing common gas procurement and stricter rules for storage.
We pool our demand and reach out to international partners to negotiate LNG and pipeline gas via a new EU Energy Platform.

In parallel we use storage facilities in some Member States to the benefit of all.

If needed, we can consider price caps.
Read 4 tweets
Mar 11
As Russia’s ruthless invasion continues, the EU and our G7 partners continue to ramp up the economic pressure on the Kremlin.

Tomorrow, we will introduce a fourth package of measures to further isolate Russia and drain the resources it uses to finance this barbaric war ↓
We will:

1. Deny Russia the status of Most-Favored Nation in our markets, revoking important WTO benefits.


We’ll also work to suspend its membership rights in multilateral financial institutions like the IMF & World Bank – so no more loans or benefits from these institutions.
2. Continue pressuring Russian elites close to Putin.

3. Make sure that the Russian state and its elites cannot use crypto assets, to circumvent the sanctions.

4. Ban the export of any EU luxury goods from our countries to Russia.
Read 5 tweets
Mar 11
The way we respond today to Russia's heinous attack will determine the future of Ukraine, of our Union and of our entire continent.

Let's stay true to the principles that have guided our response so far:

Responsibility, unity, solidarity, determination. twitter.com/i/broadcasts/1…
This crisis has made us face up to our responsibilities in the face of a new reality.

First, our duty to continue ensuring reliable, secure and affordable supply of energy to European consumers.

In the mid-term this means getting rid of our dependency on Russian fossil fuels.
By end of May we will propose to phase out our dependency on Russian gas, oil and coal by 2027.
 
It will be backed by the necessary national and European resources.
 
And we’ll present options to optimise the electricity market design, so it better supports the green transition.
Read 4 tweets
Mar 10
Find the slides one by one below ↓ Image
Image
Image
Read 9 tweets

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