The European Union’s presidency is now held by France, which announced late Monday that the group has adopted fresh sanctions against Russia for its aggression in Ukraine.
In a statement, the French president stated the EU “has agreed a fourth package of sanctions targeting persons and businesses implicated in the aggression against Ukraine, as well as numerous sectors of the Russian economy, in conjunction with our international allies.”
According to the statement, the bloc also passed a declaration to the World Trade Organization (WTO) “on suspending the application of the most-favored-nation provision for Russia.”
The specific contents of the new round of penalties will not be revealed until they are published in the European Union’s official journal.
Following comments made by EU leaders during a summit, the announcements were made.