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EU’s von der Leyen proposes new sanctions package on Russia

European Commission President Ursula von der Leyen on Wednesday proposed a set of new sanctions on Russia, including an oil price cap.

Brussels, 28 September 2022 (dpa/MIA) – European Commission President Ursula von der Leyen on Wednesday proposed a set of new sanctions on Russia, including an oil price cap.

“We are determined to make the Kremlin pay for this further escalation,” von der Leyen said in a press conference, referring to Moscow’s partial military mobilization and the referendums in occupied regions of Ukraine, which have been derided as a sham by Western powers.

The sanctions package includes the legal basis for a price cap on Russia oil imports supported by the G7 countries as well as further import restrictions worth €7 billion ($6.7 billion), von der Leyen said.

The European Union announced new sanctions on Russia last week as a reaction to the referendums in Russian-occupied territories, which are illegal under international law.

The EU’s 27 member states now must negotiate and unanimously agree on the proposal.

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