FRANKFURT
The European Council approves the 11th package of sanctions against Russia for its invasion of Ukraine, extending some restrictions and adding dozens of new entities around the world to its list.
The council published the sanctions after their approval on June 23, saying the package will ensure that EU sanctions against Russia “are better implemented.” The latest sanctions aim to close loopholes so that goods and technology vital to Russia’s war effort don’t reach Russia via nations that trade with the EU.
The council added to its sanctions list 87 new entities that the EU says are “directly supporting Russia’s military and industrial complex in its war of aggression against Ukraine.” Those companies, the bloc said, are registered in China, Uzbekistan, the United Arab Emirates, Syria, and Armenia. Meanwhile, foreign donors have pledged $66 billion for Ukraine to help the country rebuild following Russia’s February 2022 invasion.
The commitments were made at the two-day Ukraine Recovery Conference in London and $55commitment from the European Union were announced and new pledges from the United Kingdom and the United States.
“We had not envisaged this to be a pledging conference. Nevertheless, today at this conference, we can announce a combined 60 billion euros in support to Ukraine,” said British Foreign Minister James Cleverly. The World Bank has estimated the cost of reconstruction at over $400bn alongside the human toll of the war.
