EU's new Russia sanctions to target energy sector and banks

European Commission President Ursula von der Leyen speaks during a press point on 18th package of sanctions against Russia, in Brussels, Belgium June 10, 2025. REUTERS/Yves Herman

BRUSSELS (Reuters) -The European Commission on Tuesday proposed an 18th package of sanctions against Russia for its invasion of Ukraine, aimed at Moscow's energy revenues, its banks and its military industry.

The new package proposes banning transactions with Russia's Nord Stream gas pipelines, as well as banks that engage in sanctions circumvention.