00:00The European Union plans to significantly expand sanctions against Russia
00:04in a bid to put more pressure on Moscow over the war in Ukraine.
00:08EU foreign policy chief Kaya Kala says the new measures
00:12would be the bloc's most far-reaching sanctions since the war began.
00:19Kala said existing sanctions had already deprived Russia's war effort
00:23of more than 1 trillion euros and had increased pressure on its economy.
00:28She did not provide further details or a precise timetable,
00:32although the new sanctions package is expected to be proposed in September.
00:36If approved, the measures would add about one-third more Russian entities to the EU's sanctions list.
00:42The EU approved its latest sanctions package in July,
00:46targeting Russia's banking sector, cryptocurrency networks and other sources of funding linked to the war.
00:52The measures are part of wider European efforts to limit Russia's access to money
00:56and weaken its ability to continue the war in Ukraine.
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