EU’s Borrell says new Russia sanctions to hit oil, cut more banks from SWIFT By Reuters

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© Reuters. Swift logo is placed on a Russian flag are seen in this illustration taken, Bosnia and Herzegovina, February 25, 2022. REUTERS/Dado Ruvic/Illustration

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BRUSSELS (Reuters) – The European Union is working on new sanctions against Russia for waging war on Ukraine that will target Moscow’s oil industry, more Russia banks and those responsible for disinformation, the bloc’s top diplomat said on Tuesday.

“We are working on the sixth package of sanctions which aims to de-SWIFT more banks, list disinformation actors and tackle oil imports,” Josep Borrell, head of the foreign policy unit at the EU’s executive European Commission, said in a tweet.

Borrell added that the Commission’s proposals would be presented to the bloc’s 27 member states for approval.

Officials said European Commission President Ursula von der Leyen is expected to spell out the proposed sanctions on Wednesday, and that they would include a ban on imports of Russian oil by the end of this year.

(This story refiles to fix headline to remove redundant second reference to Russia)

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