Factbox-EU keeps on doing business with Russia despite sanctions

A general view shows a commercial port in Vladivostok, Russia, February 15, 2023. REUTERS/Tatiana Meel

BRUSSELS (Reuters) - With ten rounds of sanctions since Russia invaded Ukraine in February last year, the European Union has rolled out its toughest punishment ever against a foreign country.

The EU says its sanctions are meant to cut Moscow revenues and access to technology used in war. But the impact "will not be severe enough to limit Russia's ability to wage war against Ukraine in 2023," a European Parliament research note said.