EU Approves France’s Proposal to Renew Sanctions Against More Than 150 Russian Entities and 50 Banks
The European Union has reportedly approved a French proposal to renew and expand sanctions targeting Russia’s banking, energy and financial sectors, adding approximately 150 Russian entities and more than 50 banks to the measures.
The decision comes despite ongoing diplomatic negotiations involving Russia and Ukraine in Moscow, Kyiv and Abu Dhabi, as efforts continue to explore a possible path toward ending the war.
The renewed sanctions could complicate diplomatic efforts and potentially undermine U.S.-mediated negotiations between Moscow and Kyiv by increasing economic and financial pressure on Russia.
The development highlights growing divisions between Europe’s sanctions strategy and ongoing diplomatic efforts led by Washington to secure a negotiated settlement to the war in Ukraine.