Headlines
Ukraine's Zelenskiy welcomes presentation of 19th sanctions package on Russia
Published by Global Banking and Finance Review
Posted on September 19, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 19, 2025
1 min readLast updated: January 21, 2026
Ukraine's President Zelenskiy supports the EU's 19th sanctions package on Russia, targeting key economic sectors to push for peace.
(Reuters) - Ukrainian President Volodymyr Zelenskiy welcomed on Friday the presentation of the European Union's 19th sanctions package on Russia, saying the measures would have a significant effect on the Russian economy.
"It targets the main drivers of the war economy: energy revenues, finance, high-tech resources, and the military-industrial base," Zelenskiy wrote on the Telegram messaging app.
"This is an important step that will increase pressure on the Russian war machine and produce a tangible effect."
European Commission President Ursula von der Leyen presented the package on Friday, saying she wanted to "give peace a real chance" by persuading Russia to come to the negotiation table and end more than 3-1/2 years of conflict.
The top EU diplomat, Kaja Kallas, said the sanctions sought to "strike where Russia gets its money", including measures to designate 118 new vessels as a shadow fleet and action against Russian financial evasion schemes in third countries.
Member states will now have to discuss the package before adopting it unanimously.
(Reporting by Ron Popeski; Editing by Leslie Adler))
A sanction is a penalty or restriction imposed by one country or group of countries on another, often to influence behavior or policy, commonly used in international relations.
The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and managing the EU's day-to-day operations.
Energy revenues are the income generated from the production and sale of energy resources, such as oil, gas, and renewable energy, which can significantly impact a country's economy.
Financial evasion refers to the illegal act of avoiding taxes or financial obligations, often through deceptive practices or the use of offshore accounts.
Explore more articles in the Headlines category
