New economic sanctions from the EU on Russia

Ursula von der Leyen, President of the EU Commission, made statements regarding the fourth sanction package prepared by the EU due to the Russia-Ukraine war.

Reminding that Russia's attack on Ukraine continues, von der Leyen said that despite the offers from the Ukrainian side, Russia has not shown a serious desire for negotiations for a diplomatic solution until now.

Von der Leyen reminded us that Russia did not open humanitarian corridors or bomb the said areas shortly after they opened.

Pointing out that the EU and the partners in the G7 are working to increase the economic pressure on the Kremlin, von der Leyen reminded that they have implemented 3 sanctions packages so far.

Pointing out that the sanctions had hit the Russian economy hard, Von der Leyen said, "The ruble has lost value. Many important Russian banks have been cut off from the international banking system. Companies that do not want to be associated with a bloody regime are leaving the country one after another."

Emphasizing that they will take a fourth package of measures tomorrow to further isolate Russia and drain the resources it uses to finance the war, von der Leyen said, "We will deprive Russia of the status of the most favored country in our markets."

Von der Leyen stated that with this, Russia would lose important opportunities that it had as a member of the World Trade Organization (WTO), and said that Russian companies would no longer receive preferential treatment.

Stressing that Russia will also work to suspend its membership rights in leading multilateral international financial institutions, including the International Monetary Fund (IMF) and the World Bank, von der Leyen said, "We will prevent Russia from benefiting from these institutions in financing, loans, or any other form."

The compiler stated that they will continue to put pressure on the elites close to Russian President Vladimir Putin, their families and supporters, and that sanctions will be imposed on these people.

Von der Leyen stated that the Russian state and elites will also prevent them from using crypto assets to avoid sanctions and noted that they will prevent people close to Putin from transferring their wealth with crypto assets, and added, "We will ban the export of luxury goods from EU countries to Russia."

Pointing out that they will ban the import of important goods in the iron and steel industries from Russia, von der Leyen stated that they will also impose a ban on new investments in Russia's energy sector.

Von der Leyen noted that this ban will cover all investments in energy exploration and production, technology transfers and financial services.