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'Nothing is taboo': EU mulling new sanctions against Russia

'Nothing is taboo': EU mulling new sanctions against Russia

ABC News
Friday, March 11, 2022 04:51:47 PM UTC

The European Union says it will continue applying pressure on Russia by devising a new set of sanctions to punish Moscow for its invasion of Ukraine while stepping up military support for Kyiv

VERSAILLES, France -- European Union leaders said on Friday they will continue applying pressure on Russia by devising a new set of “massive” sanctions to punish Moscow for its invasion of Ukraine while stepping up military support for Kyiv.

Speaking at the conclusion of a two-day EU summit outside Paris, French President Emmanuel Macron said all options are on the table for a fourth package of coercive measures targeting Russia if President Vladimir Putin escalates his war efforts.

If Putin “intensifies the bombing, lays siege to Kyiv and intensifies the scenes of war, we know that we will have to take massive sanctions again,” Macron said.

Since the war started last month, the EU has adopted tough measures targeting Putin, Russia’s financial system and its high-maintenance oligarchs. Earlier this week, the bloc’s nations agreed to slap further sanctions on 160 individuals and added new restrictions on the export of maritime navigation and radio communication technology.

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