New EU Sanctions Target Russian Energy

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Transcript

00:00This is the 19th sanctions package that the EU has brought forward against Russia,

00:04so it's been tightening the screws gradually since that full-scale invasion of Ukraine.

00:10In this package, we're seeing them targeting some more Russian entities,

00:15but also significantly Indian and Chinese entities that are seen to have facilitated the Russian war effort.

00:23It's also including that very important ban on LNG.

00:28That was a very important part of this package.

00:31Now, why this is significant is that over the last few weeks here in Brussels,

00:35diplomats had been negotiating the finer points of this,

00:37and we had objections from countries like Austria,

00:40which was concerned about implications for a bank linked to the oligarch Deripaska.

00:45We had concerns from Hungary, and we had concerns from Slovakia.

00:48The situation now is that all those countries lifted their concerns,

00:53and that is why we have agreement here today at this EU summit.

00:56So it's a big win for Europe, and I think it's very important that the EU is able to show something,

01:02some deliverable, particularly as it welcomes Vladimir Selensky, the Ukrainian president, here today.