Senior European Union officials are calling for trade sanctions against Russia and the officials responsible for what they feel to be a 'sham referendum' held in parts of Ukraine.
European Union
"We are determined to make the Kremlin pay for this further escalation," she said, as she unveiled what she described as"sweeping new import bans on Russian products." Finance ministers from the Group of Seven industrial powers pledged this month to impose a cap on the price of Russian oil in a bid to limit the Kremlin’s revenues, while also curtailing the war’s impact on energy prices and inflation.
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