3/22, 2:28 PM (Source: TeleTrader)
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EU reportedly working on new sanctions against Russia

The European Union is talking about imposing a new set of sanctions against Russia, RIA Novosti reported on Wednesday citing a source familiar with the matter.

"At the moment no concrete proposals have been submitted for the eleventh package of sanctions," but the discussions are ongoing, the source shared.

The source further confirmed that the bloc plans to keep the sanctions pressure on Moscow, despite previously stating that it will be focusing on combating the evasion of existing sanctions, alongside ensuring that they are achieving the right effects.

Baha Breaking News (BBN) / AY