13,744.64 TRY BIST 100 BIST 100
53.21 EUR EUR EUR
46.33 USD USD USD
6.89 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
43.69 TRY Interest Interest
93.67 USD Fossil Oil Fossil Oil
6.21 USD Copper Copper
94.66 USD Silver Silver
99.41 USD Iron Ore Iron Ore
400.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
99.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

EU is preparing a new sanctions package for Russia

Ursula von der Leyen, President of the European Commission, said that the 11th package of sanctions for Russia will contain new clauses that will prevent it from being breached or circumvented.

EU is preparing a new sanctions package for Russia

Von der Leyen and the President of the European Council, Charles Michel, held a press conference at the end of the first day sessions of the EU Leaders' Summit held in Brussels.

Noting that the sanctions are being breached and the gaps in the existing sanctions are becoming increasingly serious, von der Leyen said, "When we impose sanctions, the other party tries every way to avoid and undermine the sanctions." he said.

Von der Leyen pointed out that the latest 10th package against Russia includes various elements that strengthen the implementation of existing sanctions, eliminate gaps and prevent their perforation.

Explaining that the EU has appointed a representative on sanctions, and that this person has met with countries where violations of sanctions have been observed, von der Leyen emphasized that they are also working intensively with the G7 countries to ensure compliance and share information on the prevention of violations of sanctions.

Von der Leyen reminded that in the 10th sanctions package of the EU, they introduced the possibility of listing the persons, companies or organizations in third countries that violated the said measures.

Pointing out that they have taken various measures to address the violation of the sanctions, von der Leyen said, "These measures are definitely not enough. Therefore, the 11th sanctions package will mainly deal with the problem of how to prevent the circumvention of sanctions." she said.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Iran suspends negotiations with the U.S.; Strait of Hormuz claim comes into focus

Tuesday, June 2, 2026

US reaches USD 19 million settlement with Canada-based steel companies

Monday, May 25, 2026

Kazakhstan and China approve new investment agreement

Monday, May 25, 2026

Jindal India completes INR 15 billion expansion project in West Bengal

Monday, May 25, 2026

US Federal Reserve’s new chairman Warsh takes office

Monday, May 25, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now