EU foreign policy chief Kallas confirms date for decision on additional measures.
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European Union foreign ministers plan to adopt new sanctions against Russia on May 11, announced EU foreign policy chief Kaja Kallas.
She also clarified that the candidacy of former German Chancellor Gerhard Schröder for the role of negotiator with Russia has been ruled out from consideration. There are no reports on which specific sectors will be affected by the new restrictions.
The EU has officially set May 11 as the date for adopting a new sanctions package against Russia — consensus has been reached, although specific sectors remain unknown. Brussels has definitively rejected the idea of involving former Chancellor Schröder as a mediator for negotiations with Moscow.
Investors and companies need to prepare for the expansion of sanctions as early as next week — this may affect new sectors, logistics, or financial instruments. The EU's decision demonstrates the bloc's lack of desire for negotiations through unofficial mediators, which affects the prospects for a swift resolution of the conflict.
Mehmet Yılmaz