Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Russian agency: Russia will conduct a nuclear test if the US does
Al-Nakhalah: We are the rightful owners, and we must fight to retrieve our rights
Al-Nakhalah: The enemy and its allies must know that we can never surrender to their terms and diktats after all the sacrifices made
Al-Nakhalah: The prisoner exchange clause can be completed in the next few days, and thus we will have pulled the [explosion] fuse and removed the enemy's justifications for aggression
Al-Nakhalah: The Resistance has expressed its willingness to negotiate on the basis that there are items that can be dealt with positively, the first of which is the prisoner exchange item
Al-Nakhalah: Trump's plan entails the Palestinian people's declaration of complete surrender to the enemy
PIJ Secretary-General, Ziyad al-Nakhalah, in an address aired on Al Mayadeen: The Resistance is engaging in a fierce negotiating battle under the so-called Trump plan
Russian Federation Council approves joint military cooperation agreement with Cuba
Al-Nunu: Today, the lists of prisoners required to be released, the agreed-upon criteria and numbers, were exchanged
Al-Nunu from Sharm el-Sheikh: Negotiations focused on mechanisms for implementing an end to the war, the withdrawal of occupation forces from the Gaza Strip, and the exchange of prisoners

EU deciding on 7th sanctions package against Russia

  • By Al Mayadeen English
  • Source: Agencies
  • 4 Jun 2022 20:45
3 Min Read

Following weeks of delay over disagreements within the EU on the sixth package of sanctions against Russia, the 7th package is seemingly underway.

  • x
  • EU deciding on 7th sanctions package against Russia
    EU deciding on 7th sanctions package against Russia

According to Polish Deputy Foreign Minister Pawel Jablonski, the European Union is working on the seventh package of sanctions against Russia.

In answer to a query about whether work on the next round of sanctions has already begun, Jablonski responded with "of course, yes."

The Deputy Foreign Minister expressed "optimism" that the new sanctions will target the Russian gas supply and will entail the disconnection of remaining Russian banks from SWIFT.

Jablonski told the Polish Press Agency, "Sanctions should be even tougher in the context of gas that Russia can still sell, in the context of disconnecting all Russian banks from the SWIFT system. I am talking here primarily about Gazprombank. There is also a need for an embargo on technologies that can still be supplied to Russia and used by Russia in its industry."

In addition to formal penalties, Poland believes it is important to seize, rather than simply freeze, Russian assets in the EU, he added.

Russia's lower house chairman Vyacheslav Volodin said that Russia's economy may benefit from the EU oil embargo, which was recently imposed wholly on Russian oil as part of the 6th European package of sanctions. In return, EU members will be paying $268 billion per year for rising energy prices, throwing the old continent into a crisis. 

Related News

Borrell: EU’s failure on Gaza response ‘colossal and deafening’

EU backs down on 'Israel' sanctions amid Trump’s Gaza plan

The EU approved the sixth package of penalties on Moscow on Friday, which included a gradual phase-out of Russian oil. Only oil sent by sea will be affected by the new package, while oil delivered via the Druzhba pipeline would be unaffected. The group has also voted to de-SWIFT three additional Russian banks: Sberbank, Credit Bank of Moscow, and Russian Agricultural Bank.

Russian President Vladimir Putin warned in early May that the West precipitated a worldwide economic catastrophe and a wave of catastrophic inflation by imposing the most punitive sanctions on Russia in recent history in response to the Ukraine conflict.

The US and its allies have slapped broad sanctions on Russia, which Putin has referred to as an economic war.

The West's attempt to economically isolate Russia – one of the world's largest suppliers of natural resources – has pushed the global economy into unknown territory, with food and energy prices skyrocketing.

In an interview for Sputnik on Friday, Venezuelan lawmaker Julio Chavez expressed that US and EU sanctions against Russia are only helping to accelerate the transition to a multipolar world where the US and the dollar have no hegemony.

According to Chavez, "Sanctions are far from weakening Russia, China, or the bloc of developing countries. All they [sanctions] have done is strengthen them [countries] and accelerate the transition to a multipolar world without US hegemony and dollar dictatorship."

Chavez also stated that the West's unlawful and illogical sanctions aimed at harming the economy of Russia, China, and a number of other nations only damage the people of Europe, Latin America, Asia, and Africa.

  • Europe
  • Russia
  • Sanctions on Russia
  • Ukraine
  • European Union

Most Read

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
ap

'Israel' pays influencers $7K per post to whitewash Gaza genocide

  • Politics
  • 1 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025

Coverage

All
War on Gaza

Read Next

All
In this May 20, 20201, photo Marine Gen. Frank McKenzie, the head of US Central Command, arrives in Baghdad, Iraq (AP)
Politics

US spent $33 billion on post-Oct.7 genocide, wars, Brown Uni reports

Speaker of the House Mike Johnson, R-La., holds a news conference to mark the seventh day of the government shutdown, at the Capitol in Washington, Tuesday, Oct. 7, 2025. (AP)
Politics

US troops face unpaid wages as government shutdown drags on

Mourners wave Hezbollah and a Palestinian flag during the funeral of Hezbollah former leader Sayyed Hassan Nasrallah and his successor Sayyed Hashem Safieddine in the Sports City Stadium in Beirut, Lebanon, Sunday, February 23, 2025 (AP)
Politics

Hezbollah voices support for Gaza, Resistance on October 7 anniversary

Al-Aqsa Flood restored Palestinian cause on the global stage: Hamas
Politics

Al-Aqsa Flood restored Palestinian cause on the global stage: Hamas

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS