EU Slaps New Sanctions on Iran, Mulls More Against Russia

Voice of America News reports: “European Union foreign ministers slapped a fourth round of sanctions against Iran, discussed a possible 10th sanctions package against Russia, and agreed to more than $540 million in new military spending for Ukraine.

The new military funding for Ukraine brings to nearly $12 billion the total European Union and member state military spending for Kyiv since the country’s war began nearly a year ago.

EU foreign policy chief Josep Borrell also said EU oil sanctions against Moscow are working.

‘Russia needs 70 percent in order to balance its budget — so it’s losing $40 per barrel,’ Borrell said. ‘It is a big hit on Russian financial stability.’…”

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