China News Service, March 15. According to the Associated Press, on the 14th local time, the European Union announced the fourth wave of sanctions against Russia.
The EU said the measures targeted individuals and entities involved in the Russian-Ukrainian conflict, as well as Russia's economic sector.
The EU also approved a statement submitted to the World Trade Organization (WTO) "to suspend the implementation of the most-favored-nation clause for trade with Russia and to suspend the review of Belarus's application for WTO accession," France, the EU's rotating presidency, said in a statement, according to reports. "
As previously reported, on the 11th local time, the European Union said that it will take a fourth wave of sanctions against Russia, including cracking down on its use of encrypted assets and banning the export of EU luxury goods and imported steel products to Russia.