Published by Global Banking & Finance Review®
Posted on June 12, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleEuropean foreign ministers plan to intensify sanctions on Russia, focusing on energy and banking sectors, to pressure Moscow amid the Ukraine conflict.
ROME (Reuters) -Foreign ministers from large European countries said on Thursday they were ready to step up pressure on Russia, "including through further sanctions" involving the energy and banking sector, to weaken Moscow in its war with Ukraine.
The meeting in Rome involved representatives from France, Germany, Italy, Poland, Spain, Britain and the European Union. NATO Secretary General Mark Rutte and a Ukrainian representative also joined the talks.
"We are determined to keep Russian sovereign assets in our jurisdictions immobilised until Russia ceases its aggression and pays for the damage it has caused," the countries said in a statement.
(Reporting by Angelo Amante, editing by Gavin Jones)
They discussed stepping up pressure on Russia, including further sanctions related to energy and banking.
Representatives from France, Germany, Italy, Poland, Spain, Britain, and the European Union attended the meeting.
The ministers stated they are determined to keep Russian sovereign assets immobilized until Russia ceases its aggression and compensates for the damage caused.
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