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
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted

EU nearly out of means to sanction Russia: Borrell

  • By Al Mayadeen English
  • Source: Agencies
  • 10 Mar 2023 17:43
  • 1 Shares
3 Min Read

The European Union admits that it is before a debacle, for as Russia advances further against Ukraine, they are running out of sanctions to impose on it.

  • x
  • EU Foreign Policy chief Josep Borrel speaks at a media encounter, February 23, 2023 (AP Photo)
    EU Foreign Policy chief Josep Borrel speaks at a media encounter, February 23, 2023 (AP Photo)

The European Union has nearly exhausted its capacity to impose further sanctions on Russia, but Brussels may still continue boosting its financial and military aid for Ukraine, EU foreign policy chief Josep Borrell said Friday.

"There is not much more to do from the point of view of sanctions, but we can continue to increase financial and military support," Borrell told the Euractiv news website after an informal meeting of EU development ministers in Stockholm.

According to Brussels' top diplomat, it would have been "strange" that one year into the Ukraine war, there would be many options left. Furthermore, Borrel said the bloc was "getting to the end of the ladder," as quoted by the news portal.

The latest package of sanctions was imposed on Russia on February 24, marking the first anniversary of the Ukraine war, and the 10th package of sanctions against Russia on February 24.

Russia has been facing sanctions pressure that the United States, the European Union, and their allies have been piling on it since the outbreak of the Ukraine war in 2022.

Related News

Trump approves Patriot missiles to Ukraine, bills EU for costs

Russia slams US-Denmark military pact as threat to its security

The United Nations estimated in its January World Economic Situation and Prospects (WESP) report that the Russian economy contracted by just about 3% last year as opposed to the projected 15%.

Russian President Vladimir Putin said that the policy of containing and weakening Moscow is part of the West's long-term strategy, while sanctions have instead hit the entire global economy and worsened the lives of millions of people.

"We will introduce with our G7 partners an additional price cap on Russian petroleum products, and by February 24 — exactly one year since the invasion started — we aim to have the tenth package of sanctions in place," Von der Leyen said.

Concurrently, a report published by The Economist revealed that the price cap on Russian gas is proving to be a flop for the West.

Sales of Russian crude have not decreased as the West had hoped, and shipments have dodged European ports and headed to China and India instead.

In a report by The Economist, this moves towards the point of the price cap: to keep Russian crude on the market and thus keep the market stable but to curb its profits through the price. 

In turn, this offers buyers negotiating power, considering that the longer export routes also pose higher freight costs which Russia has to compensate. 

  • Nato
  • Europe
  • Russia
  • Ukraine
  • Josep Borrell
  • European Union
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

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