The EU Is Prepping Another Round Of Sanctions Against Russia

The European Union is already working on the seventh package of sanctions against Russia as it continues to try to punish Moscow for its invasion of Ukraine. The sanctions, according to a Bloomberg update, should be agreed upon over the next few weeks. So far, the European Union has targeted Russia’s financial and energy sector most pointedly with the sanctions, cutting much of Russia’s banking system from the global SWIFT system and scheduling an oil and fuels embargo for the end of the year.

Coal imports have also been targeted. The…