Bloomberg: EU prepares new sanctions against Russia's financial sector and banks of third countries.

The European Union prepares new sanctions against Russia

The European Union is developing a new package of sanctions aimed at Russia's financial sector, as part of efforts by Ukraine's allies to increase pressure on President Vladimir Putin to reach a peace agreement to end the war.

According to Bloomberg, the bloc is also preparing to impose restrictions on banks from third countries that support Moscow's military efforts. This was reported by a person familiar with the details who did not want to be named as they are discussing non-public matters.

'We seek peace, and we must increase pressure on President Putin until he is ready for peace,' said European Commission President Ursula von der Leyen.

Ukraine and the EU are determined to provide support

EU Economic Commissioner Valdis Dombrovskis believes that greater pressure on Russia is needed as the country is 'playing games' and is not committed to the peace process.

'More pressure is needed... this new package of sanctions must be stronger and bolder and really ensure that pressure,' Dombrovskis said.

EU member states have supported the 17th package of sanctions against Russia, targeting the Russian shadow fleet and individuals facilitating energy restrictions bypass. The imposition of sanctions requires unanimous support from all 27 member states.

Refusal to agree to a ceasefire leads to increased pressure

The President of the European Commission criticizes Putin for refusing to agree to a 30-day ceasefire and for not attending the meeting to hold negotiations.

'This demonstrates President Putin's true convictions: he does not want peace. Therefore, we must increase pressure,' von der Leyen stated.

The European Union indicates that a more robust approach is needed in relations with Russia to achieve a peace agreement.