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Investing.com -- The European Commission has proposed a 19th package of sanctions against Russia to member states, Commission President Ursula von der Leyen announced on Friday.
"We want Russia to leave the battlefield and come to the negotiation table, and this is the way to give peace a real chance," von der Leyen said.
The new sanctions package includes several significant measures targeting Russia’s financial and energy sectors. The Commission has proposed a full transaction ban on Russian banks, including those operating in third countries.
The proposal also includes a ban on investments in Russian special economic zones linked to the war and a full prohibition of Russian LNG imports by January 2027.
The energy sanctions would include lifting exemptions on Rosneft and Gazprom Neft, expanding the reach of the restrictions.
Additionally, the EU plans to expand sanctions on Russia’s shadow fleet and proposes sanctions on individuals involved in the abduction and indoctrination of Ukrainian children.
The package now requires approval from EU member states before implementation.