EU "Urgently Preparing Additional Sanctions Against Russia"

Emmanuel Macron (left), President of France, held a press conference on the 25th (local time) in Brussels, Belgium, after concluding the EU summit together with Charles Michel (center), President of the European Council, and Ursula von der Leyen (right), President of the European Commission. The leaders of the 27 EU member states agreed on additional sanctions in the financial, energy, transportation, and export sectors in response to Russia's invasion of Ukraine. [Image source=Yonhap News]

[Asia Economy Reporter Lee Hye-young] Charles Michel, President of the European Union (EU) Summit, announced on the 25th (local time) that he is urgently preparing additional sanctions against Russia's invasion of Ukraine.

President Michel said on Twitter that the second round of sanctions against Russia, agreed upon by the 27 EU member states the previous day, will have a large and severe impact, and that an "additional package is being urgently prepared."

President Michel's remarks came after Ukrainian President Volodymyr Zelensky called on the EU to impose stronger sanctions that day.

After speaking with Ursula von der Leyen, head of the EU executive branch, President Zelensky urged on Twitter that "pressure on Russia must be increased."

The EU had previously imposed first-round sanctions restricting trade between the EU and the pro-Russian separatist regions in eastern Ukraine's Donbas, whose independence was recognized by President Vladimir Putin. On the 24th, EU member state leaders agreed on a second round of sanctions targeting Russia's financial, energy, and trade sectors.

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