The new measures, proposed by the EU’s executive branch three weeks ago, were only adopted after much internal wrangling over their exact makeup
, and made public one day after the first anniversary of Russia’s invasion of Ukraine – the intended target date.
The sanctions are meant to undermine Russia’s economy and drain funds for its war effort, but they are also increasingly inflicting pain on European economies already hit by high inflation and energy prices and still suffering from the effects of the COVID-19 pandemic.
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