Followed by-INA
The United States and the European Union plan to impose stiff new sanctions against Russia in retaliation for Russia’s “war crimes” in Ukraine after revelations of atrocities in towns near Kyiv.
The European Union’s executive branch proposed a ban on coal imports from Russia, in what would be the first sanctions targeting Moscow's lucrative energy income for its war in Ukraine. The coal imports amount to an estimated 4 billion euros ($4.4 billion) per year.
"Today we are proposing a 5th package of sanctions. To take a clear stand is crucial for the whole world," the E.U. Commission said in a Twitter post. "A clear stand against Putin’s war of choice. Against the massacre of civilians."
The U.S. is also planning on to team up with its European allies, which includes a ban on new investments in Russia. The joint action will also include toughened sanctions on Russia's financial institutions and government-owned enterprises, and more sanctions on government officials and their family members, said a U.S. official who spoke on condition of anonymity.
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