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EU ratchets up the stakes as sanctions turn the target to Russian oil

Transcripts for CNN CNN Newsroom Live 20240604 05:43:00

daughters. europe s latest proposed sanctions include a ban on certain russian imports including coal. oil and gas are not on the list. in addition, transactions with four key russian banks would also be outlawed and russian vessels banned from docking in eu ports. a ban on exports of certain goods and components such as computer chips would be designed to hit russian industry and technology. the uk has already announced a new set of sanctions against russia. they include a full asset freeze on sberbank and the credit bank of moscow and a ban on new british investments in russia. britain says it will also end its dependency on russian coal and oil by the end of the year. despite efforts from the international community, sanctions on russia haven t turned the tide of the war in ukraine. key figures haven t changed their stance on the war and economic hardships only seem to be impacting ordinary people.

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