EU Delays Russian Sanctions Amid Trump Administration Pressure
The European Commission has postponed the presentation of its new Russia sanctions package under U.S. pressure to intensify responses. The proposed sanctions focus on Russian banks and oil tankers. The U.S., led by Trump, urges the EU to reduce Russian energy imports and to impose tariffs on India and China.
The European Commission's anticipated unveiling of a new sanctions package against Russia has been delayed, amidst calls from the Trump administration for a more aggressive European stance. Initially expected to target Russian banks and the nation's evasive oil tanker fleet, the sanctions aim to reduce energy revenues vital to Russia's war economy.
Andriy Yermak, chief of staff to Ukraine's President Zelenskiy, has underscored the urgency for the EU to act swiftly, while U.S. President Donald Trump pushes Europe to halt Russian energy imports and target oil buyers India and China with tariffs.
European officials acknowledge the difficulty of meeting Trump's demands, as the EU treats tariffs and sanctions separately. Meanwhile, coordination between the U.S. and EU is seen as essential to effectively cut off financial support for Russia's war efforts.
(With inputs from agencies.)
ALSO READ
US Tariffs Challenge Indian Textile Sector Amid Festive Demand Slump
Stalemate in India-US Trade Talks: Russian Oil Tariffs At Center Stage
Ukraine Calls for Joint Defense Against Russian Aerial Assault
UPDATE 1-Russian attack on Ukraine's Zaporizhzhia kills one, injures 13
Devastation in Zaporizhzhia: Russian Strikes Escalate Across Ukraine
Google News