The European Union has launched its most extensive sanctions package against Russia, targeting key areas of their economy amid the ongoing conflict in Ukraine.
Approved on July 23, the sanctions form the 21st package, marking the largest round within four years, and focusing on banks, cryptocurrency networks, and oil traders.
This decisive action brings the total number of EU sanctions against Russia to nearly 3,000, a strategic move to weaken Russia’s already unstable financial system.
(With inputs from agencies.)