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9/28/2022, 4:03 PM (Source: TeleTrader)
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EU proposes further restrictions on trade with Russia

European Commission President Ursula von der Leyen announced on Wednesday, at a press briefing, that the European Union decided to propose further sanctions on trade with Russia.

"[These sanctions] will isolate and hit Russia's economy even more. We propose sweeping new import bans on Russia's products. This will keep Russian products out of the European market and deprive Russia of an additional €7 billion in revenues."

In addition, the EC chief noted that an extended list of banned export products will be proposed. "The aim is to deprive Kremlin's military complex of key technologies," such as additional aviation items, electronic components, and specific chemical substances, Von der Leyen underscored.

Baha Breaking News (BBN) / AY