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    EU Strengthens Sanctions Against Russia, US Vows Further Action

    The European Union and its allies are significantly escalating sanctions against Russia in response to President Vladimir Putin's ongoing refusal to engage in peace negotiations and his continued aggression in Ukraine. The latest round of sanctions, announced on May 20, 2025, focuses on crippling Russia's shadow fleet, which is actively engaged in the illicit transportation of oil to circumvent existing restrictions. This move is strategically designed to deplete Russia's war chest and limit its ability to fund the conflict. According to Kaja Kallas, the EU's High Representative for Foreign Affairs and Security Policy, "These sanctions are aimed at the significant portion of Russia's shadow fleet illegally exporting oil for revenue necessary to finance Putin's aggression." The sanctions also include measures against dozens of companies aiding in sanctions evasion. The US, in alignment with the EU's actions, has indicated its intention to further tighten sanctions if Putin remains unwilling to negotiate a peaceful resolution. US Treasury Secretary Scott Bessent stated, "We will continue to impose sanctions if Putin does not engage in good faith negotiations." This concerted effort by the EU and US demonstrates a unified front in applying economic pressure on Russia to cease hostilities and participate in meaningful peace talks.

    2 months ago
    UA
    Brussels, EU
    news summary
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