The European Commissioner said that the new EU sanctions will not affect the energy sector

Paolo Gentiloni said that Brussels is working on the fifth package of sanctions, but these restrictions will not affect the energy sector. He added,

The EU is working on new sanctions against Russia, but they will not affect the energy sector, Paolo Gentiloni, European Commissioner for Economic Affairs, said at an economic forum in Italy, Agenzia Nova reports.

“First of all, we are working to limit the ability to bypass [already imposed sanctions],” he said.

According to Gentiloni, sanctions against Russia are "a price that [EU countries] must pay together." He suggested that the growth of the European economy will slow down, but there will be no recession. “Thanks to the growth that we achieved in 2021, I believe that we will be able to maintain sustainable growth in 2022,” the European Commissioner added.

Reuters learned about the EU demand to China not to help Moscow to circumvent sanctions Politics

The EU has imposed four packages of sanctions against Russia since the end of February. The restrictions affected Russian banks, assets and reserves of the Central Bank, exports of technological products, aircraft and spare parts to the country. Brussels' personal sanctions are directed against businessmen, top managers of companies, politicians, officials and media workers.