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The EU should, can, and will hold the line on Russia, says sanctions chief

BRUSSELS, Belgium — With negotiations in full flow over its next package of sanctions, the EU's Sanctions Envoy David O'Sullivan explained in an interview with the Kyiv Independent just how successful sanctions against Russia have been, and why he is confident the bloc will hold the line for as long as it needs to. The scale of the EU's decoupling from Russia is huge, with trade down from roughly 260 billion euros ($295 billion) before Moscow launched its full-scale invasion to only 58 billion

About Rosneft

Rosneft is Russia's state-controlled oil company and one of the world's largest petroleum producers, with headquarters in Moscow and operations across multiple countries. The company, majority-owned by the Russian government since 2004, controls significant oil and gas reserves and refining capacity that generate revenue supporting Russia's war economy. Western sanctions imposed after Russia's full-scale invasion in February 2022 have targeted Rosneft's international operations.

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