EU Approves 15th Sanctions Package Against Russia

The European Union has reached an agreement on a 15th sanctions package against Russia in response to its ongoing war in Ukraine, as announced by the Hungarian EU presidency. The new sanctions will specifically target vessels from non-member countries that support Russia, while also adding approximately 30 entities and over 50 individuals to an expanded sanctions list. Additionally, the Czech Republic will receive a six-month extension to import Russian oil-based products. European Commission President Ursula von der Leyen welcomed the package, emphasizing its focus on curbing Russia's shadow fleet. The formal adoption of these sanctions is expected during a meeting of EU foreign ministers on Monday. Currently, there are about 2,200 individuals and entities under EU sanctions, which include travel bans and asset freezes.