The European Union has imposed more economic sanctions on Russia, adding to U.S. President Donald Trump's new punitive measures against the Russian oil industry.

Brussels

The European Union has announced the approval of its 19th package of sanctions against Russia, targeting sectors including oil, finance, cryptocurrency, and individuals such as diplomats and military personnel, as well as Russia's ally Belarus. This action comes shortly after the United States imposed new sanctions on Russia's two largest oil companies, marking a significant policy shift by the Trump administration.

Ukrainian President Volodymyr Zelensky welcomed the coordinated sanctions, emphasizing their importance in pressuring Russia to end the conflict in Ukraine. The EU is also considering a multi-billion dollar loan to Ukraine funded by frozen Russian assets, though a decision has not yet been reached. Russia has condemned the new sanctions, warning of a strong response if the EU proceeds with the loan.

EU joins U.S. in imposing more sanctions on Russia

U.S. Secretary of State Marco Rubio says President Trump still wants to meet with his Russian counterpart Vladimir Putin, despite Trump saying just this week he cancelled a planned summit with Putin, citing a lack of progress on ending Russia's war with Ukraine. We'd still like to meet with the Russians. We'd still want to, and I think I had a good call with Foreign Minister Lavrov, and we'll follow up on that. We're always going to be interested in engaging if there's an opportunity to achieve peace. Rubio was commenting after the U.S. announced new sanctions targeting the two largest oil companies in Russia, a move intended to put pressure on Moscow to negotiate a peace deal with Ukraine. That's a marked policy shift for Trump, who previously said he wouldn't impose sanctions on Russia until European countries stop buying Russian oil. Anna Cunningham is in London, and she has more on these new U.S. sanctions. Anna, good morning, welcome. Let's talk about the substance to these sanctions and how Ukraine has responded to Trump's about-turn. Well, Heather, this really is a move that I think President Zelensky, it's fair to say, has been wanting for quite some time. Sanctioning Luke Oil and Rosneft, those are those two big Russian oil companies, really is the first major move that we've seen from the Trump administration made against Russia. The European Union's also confirmed it's now approved a 19th package of sanctions against Russia. They target oil, finance and crypto, as well as diplomats, military and Russia's ally Belarus. President Zelensky is actually today in Brussels. He's there for a European Council meeting. And he is hoping that the EU will approve a multi-billion dollar loan funded by frozen Russian assets. Let's just take a listen to what the Ukrainian president has been saying about those fresh sanctions on Russia just ahead of the start of that EU summit. I think that, of course, it's more tough sanctions on Russia. The 19th package is very important and of European leaders, of EU. But American sanctions are also very important. This is a good signal to other countries in the world to join the sanctions. You know that not only energy, we need shadow fleet and etc. and continue and continue until Putin will stop this war. Now, on the sidelines of that summit, we're hearing that President Volodymyr Zelensky has had a bilateral meeting with the French President Emmanuel Macron. But we've also heard some reaction from Russia. Their foreign ministry says that the move by the US is extremely counterproductive in terms of those sanctions. Russian's foreign minister, foreign former president, rather, Dmitry Medvedev, has actually gone further. He says Washington is on the warpath with Moscow. He's described the US as an enemy. And he's also said that the US president has fully aligned himself with loony Europe. And Heather, in terms of those discussions in Brussels today, if that loan from those frozen Russian assets gets the go ahead, and it still might not because they have been wrangling over a decision for two years now, Ukraine would use those funds to buy weapons, fund compensation for victims of the war and also help with rebuilding. But Russia says it would be theft. And it is warning the EU if the loan is approved, then Russia says there will be a painful response. Thank you very much, Anna. Anna is in London.

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