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BRUSSELS - France, which holds the presidency of the European Union, announced late Monday that the bloc has approved a new set of sanctions against Russia over its war on Ukraine. The French presidency said in a statement that the EU "in consultation with our international partners, has approved a fourth package of sanctions targeting individuals and entities involved in the aggression against Ukraine, as well as several sectors of the Russian economy." The bloc also approved a declaration to the World Trade Organization (WTO) "on suspending the application of the most-favored-nation clause for Russia," the statement said. The exact details of the latest package of sanctions will only be known upon publication in the EU's official journal. The announcements came after EU leaders said at a summit in Versailles last week that the bloc is preparing a fresh round of tougher sanctions against Russia over its war on Ukraine. European Commission President Ursula von d

Bruxelles capitaleInternational monetary fundEuropean unionEuropean commissionWorld bankWorld trade organizationCommission president ursulaBrussels franceHich holds the presidency of european unionNnounced late monday that the bloc has approveda new set of sanctions against russia over its war on ukraine french presidency said ina statement eu quot in consultation with our international partnersAs approveda fourth package of sanctions targeting individuals and entities involved in the aggression against ukraineS well as several sectors of the russian economy quot bloc also approveda declaration to world trade organization wto on suspending application most favored nation clause for russiaUot the statement said exact details of latest package sanctions will only be known upon publication in eu 39s official journal announcements came after leaders ata summit versailles last week that bloc is preparinga fresh round tougher against russia over its war on ukraine european commission president ursula von der leyen friday work to quot suspend membership rights leading multilateral financial institutionsUot including the international monetary fund imf and world bank quot we will deny russia status of most favored nation in our markets this revoke important benefits that enjoys asa wto memberUot von der leyen said noting that russian companies will no longer havea privileged position in the euShe said