Ukraine: EU's upcoming 22nd sanctions package will severely hit Russia's economy

Foreign ministers of European Union member states, meeting informally, discussed possible parameters for the next, 22nd package of sanctions against Russia. Ukrainian representatives took part in the talks, working alongside partners to assess what restrictions the new package might include.

After the meeting, Ukrainian Foreign Minister Andrii Sybiha stated that the package being prepared would be extremely devastating for Russia's economy. Detailed conditions and specific targets of the new package have not yet been publicly disclosed.

The EU has been regularly expanding its sanctions packages since the start of Russia's invasion of Ukraine, with each successive package typically introducing additional restrictions on various sectors of the Russian economy as well as on individuals and companies linked to Kremlin policy.