The European Union has imposed tough sanctions on Russia, Report informs, referring to President of the European Commission Ursula von der Leyen and President of the European Council Charles Michel.
"The package of massive and targeted sanctions approved tonight shows how united the EU is," Ursula von der Leyen wrote on Twitter.
"First, this package includes financial sanctions, targeting 70% of the Russian banking market and key state-owned companies, including in defence.
"Second, we target the energy sector, a key economic area which especially benefits the Russian state.
"Our export ban will hit the oil sector by making it impossible for Russia to upgrade its refineries.
"Third: we ban the sale of aircrafts and equipment to Russian airlines.
"Fourth, we are limiting Russia's access to crucial technology, such as semiconductors or cutting-edge software.
"Finally: visas. Diplomats and related groups and business people will no longer have privileged access to the European Union," she said.
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