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European Commission proposes 5th package of sanctions on Russia.

by The Kyiv Independent news desk April 5, 2022 5:52 PM 1 min read
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Ursula von der Leyen announced the fifth package of sanctions on April 5, banning the import of coal, a full transaction ban on four Russian banks including Russia’s second-largest bank VTB to "further weaken Russia's financial system." Also, Russian vessels won’t be allowed to access EU ports, and Russian, Belarusian road transport operators will be banned from entering the EU, von der Leyen said.

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10:35 PM

Hungary loses out on about $1 billion in EU aid.

The aid package was conditional on Hungary implementing reforms to bring the country into compliance with EU standards by the end of 2024. Budapest failed to meet the requirements, a European Commission spokesperson said.
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