EU foreign ministers adopted a 16th package of sanctions against Russia on, which targets a cryptocurrency exchange for the first time, a Council statement said.

The EU has rolled out sanctions against crypto exchange Garantex, which regulators say is one of the "the worst offenders by far."

The EU’s most extensive sanctions package, alongside new UK measures, aims to cripple Russia’s war efforts, tighten energy restrictions, and combat sanctions evasion as the war in Ukraine enters its fourth year.

Hungary wants to remove eight individuals from the European Union's Russia sanctions list and receive fresh guarantees on Ukraine gas transit talks before agreeing to renew the restrictions, EU diplomats said.

"The package extends the flight ban to enable the listing of third-country carriers conducting domestic flights within Russia or supplying aviation goods to Russian airlines or fo

European Commission President Ursula von der Leyen will ask for Indian Prime Minister Narendra Modi’s assistance to enforce sanctions on Russia when the two leaders meet this week in New Delhi.

China urged the European Union to stop sanctioning Chinese companies and discrediting the country, its commerce ministry said on Tuesday, after Chinese entities and individuals were included in the EU's latest sanctions package against Russia.

By Newsbase The EU has imposed additional measures against Russia’s oil and gas industry as part of its 16th sanctions package, while stopping short of any further restrictions on the bloc’s purchase of Russian LNG.