EU Considers Secondary Sanctions to Hit Russia’s War Effort

The European Union is considering implementing secondary sanctions to prevent third countries from assisting Russia in circumventing the existing sanctions imposed on Moscow. This move aims to strengthen the EU's efforts to undermine Russia's ability to finance its war in Ukraine. The proposed secondary sanctions would target entities and individuals outside the EU that are involved in helping Russia evade the bloc's sanctions. This could include businesses or individuals engaged in transactions or activities that facilitate Russia's access to financial markets, technology, or other resources essential for its war efforts. By expanding the scope of sanctions, the EU seeks to close loopholes and make it more difficult for Russia to find alternative ways to sustain its military operations in Ukraine. The implementation of secondary sanctions would increase the pressure on Russia and its supporters, further isolating the country from the global economic and financial system.