European Commission President Ursula von der Leyen has announced a new round of sanctions targeting Russia over its invasion of Ukraine, including a total ban on oil imports from Russia by the end of 2022.
"[Vladimir] Putin must pay a high price for his brutal aggression," von der Leyen told members of the European Parliament on Wednesday.
The plans, which need the approval of member states, also include sanctions on individuals, including those suspected of war crimes.
Russian President Vladimir Putin’s spokesman, Dmitry Peskov, responded calling the sanctions a "double-edged" weapon, adding that “the cost of these sanctions to the citizens of Europe will grow by the day”.
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