India, Feb. 24 -- On the eve of the third anniversary of the Russian invasion of Ukraine, the European Union announced a massive sanctions package targeting Russian economy.
The 16th EU sanctions package targets systemically important sectors of the Russian economy such as energy, trade, transport, infrastructure, and financial services.
It also adds further measures aimed at tackling circumvention. To prevent the risk of EU sanctions being bypassed, certain provisions of this package are now also mirrored in the Belarus sanctions regime. The EU has in addition updated and strengthened its sanctions regimes concerning the Russian-controlled Ukrainian areas of Crimea, Sevastopol, Donetsk, Kherson, Luhansk and Zaporizhzhia.
The latest roun...