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EU slaps new sanctions on Russia over Ukraine war, details unclear

Click to play video: 'EU asks countries to cut gas use by 15% until March' EU asks countries to cut gas use by 15% until March
WATCH: EU asks countries to cut gas use by 15% until March – Jul 20, 2022

The European Union imposed more sanctions on Russia on Thursday over the war in Ukraine after the bloc’s member states backed a series of measures that would include gold imports and tighten export controls on some high-technology goods.

European Commission Ursula von der Leyen said that the “reinforced, prolonged EU sanctions against the Kremlin” send “a strong signal to Moscow: we will keep the pressure high for as long as it takes.”

Read more: EU proposes reducing gas use by 15% as threat of Russian cutoff looms

The details of the sanctions were still unclear since they still need to be posted in the EU’s official journal.

EU officials have been seeking all week to tighten the extensive package of sanctions on Russia and looking at ways to add a ban on gold exports in hopes that the measures might finally start to have a decisive impact on the war in Ukraine.

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Click to play video: 'Russia’s objectives in Ukraine now go beyond Donbas, Lavrov says' Russia’s objectives in Ukraine now go beyond Donbas, Lavrov says
Russia’s objectives in Ukraine now go beyond Donbas, Lavrov says – Jul 20, 2022

EU foreign affairs chief Josep Borrell said Monday that at the moment “the most important thing is a ban on Russian gold,” which is Moscow’s second-largest export industry after energy.

The Group of Seven leading industrial nations last month already committed to a gold ban, arguing the Russia has used its gold to back up its currency to circumvent the impact of several rounds of sanctions that nations around the world had already imposed on Moscow for its Feb. 24 invasion of Ukraine.

On top of the restrictive measures, the EU also decided to grant 500 million euros to boost military aid to Ukraine.

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