• 2026.09.07 (Mon)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
[등록] 2026-09-01 15:48:31
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
MENU
 
Home > World

EU and UK Impose New Sanctions on Russia Amidst Stalled Peace Efforts

Pedro Espinola Special Correspondent / Updated : 2025-05-21 17:40:27
  • -
  • +
  • Print

Brussels/London – In a concerted effort to increase pressure on Moscow, the European Union and the United Kingdom have unveiled significant new sanctions against Russia. The move comes as diplomatic attempts to secure a ceasefire in the Ukraine war remain elusive, particularly after a recent phone call between US President Donald Trump and Russian President Vladimir Putin failed to yield a breakthrough.

The European Union's 27 member states officially adopted their "17th sanctions package" on May 20, 2025, during a joint Foreign Affairs and Defense Council meeting in Brussels. This comprehensive package primarily targets Russia's clandestine "shadow fleet," adding 189 oil tankers to the sanctions list, bringing the total number of sanctioned vessels to 342. The "shadow fleet" refers to vessels reportedly used by Russia to circumvent Western economic restrictions imposed following its full-scale invasion of Ukraine in February 2022. The new EU measures also extend to companies based in the United Arab Emirates, Turkey, and Hong Kong, as well as a major Russian shipping insurer, all accused of facilitating the operation of the shadow fleet.

Concurrently, the United Kingdom announced over 100 new sanctions aimed at further crippling Russia's war economy. These include 18 additional shadow fleet vessels and 46 financial institutions, notably the St. Petersburg Currency Exchange and the Russian Deposit Insurance Agency, which are deemed to be aiding Russia in evading existing sanctions.

UK Foreign Secretary David Lammy underscored the urgency of these actions, stating on May 20, "Putin's latest strikes once again show his true colors as a warmonger. We urge him to agree a full, unconditional ceasefire right away so there can be talks on a just and lasting peace."

The intensified European and British stance follows President Trump's May 19 phone call with President Putin, which reportedly concluded without a clear commitment to a ceasefire. While previously signaling potential retaliatory measures, President Trump indicated a shift in his approach after the call, suggesting that further US sanctions would depend on Russia's future actions, a departure from an earlier stance of imposing additional sanctions if a ceasefire agreement was not honored. This has led to speculation that President Trump may be considering future economic cooperation with Russia.

Ukrainian President Volodymyr Zelenskyy welcomed the new sanctions, stating via his Telegram channel that they represent "a price for Russia's desire to prolong the war." Conversely, the Russian Foreign Ministry criticized the European sanctions, claiming they hinder direct dialogue with Ukraine.

The newly announced sanctions are set to take effect on May 21, 2025. Further punitive measures are anticipated, with the EU reportedly already preparing its next round of sanctions, which may include restrictions on transactions with companies operating the Nord Stream gas pipelines connecting Russia and Europe.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #NATO
  • #OTAN
  • #OECD
  • #G20
  • #globaleconomictimes
  • #Korea
  • #UNPEACEKOR
  • #micorea
  • #mykorea
  • #newsk
  • #UN
  • #UNESCO
  • #nammidongane
Pedro Espinola Special Correspondent
Pedro Espinola Special Correspondent

Popular articles

  • Anthropic CEO's Wife Under Scrutiny: Past Ties to Jeffrey Epstein Emerge

  • Amazon Founder Jeff Bezos Joins Liverpool FC as Minority Investor in Landmark Deal

  • The President of the Republic, Santiago Peña, welcomed Their Imperial Highnesses Fumihito, Prince Akishino—Crown Prince of Japan—and Princess Kiko of Akishino.

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065602396302333 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • DMCI Mining on Track to Hit 3M Tons Output Target for 2026
  • The 24th World Hansang (Global Korean Business) Convention to Be Held from September 28 to 30
  • The 8th Overseas Korean Nurses Association Academic Conference and Gala Night Held
  • Ethnic Korean Business Leaders Converge in Santiago... Targeting Branch Revitalization and Next-Generation Mentorship
  • Connecting Generations and Cultures through the Sound of Drums: Master Lee Kyung-hwa Holds Successful Jindo Buk-chum Workshop in Berlin
  • Advisory Members of the National Unification Advisory Council from 24 Countries in the Americas Gather in One Place… “We Will Become Public Diplomats Leading Peaceful Coexistence on the Korean Peninsula”

Most Viewed

1
Bridging Nations, Building Futures: Reflections of Ethiopia's Ambassador to the Republic of Korea
2
Bridging Hearts and Horizons: Celebrating 30 Years of the Korean Association in Cambodia
3
Connecting Generations and Cultures through the Sound of Drums: Master Lee Kyung-hwa Holds Successful Jindo Buk-chum Workshop in Berlin
4
Diplomatic Efforts Intensify as Nine Out of Ten Isolated South Koreans Evacuated to Safety Following Devastating Floods in Nepal
5
Seoul's Average Apartment Prices Surpass 1.6 Billion Won as Real Estate Surge Spreads from Gangnam to Outlying Districts
광고문의
임시1
임시3
임시2

Hot Issue

President Lee Jae-myung Makes State Visit to France… Drafting the Blueprint for a "New 140 Years" of Korea-France Relations

“Thank you for staying alive”… Miracle survival of 2 people 9 days after Nepal's massive flood

NAND Market Surges 70%... 'Samsung and Hynix' Sweep Global 1st and 2nd Places

Jensen Huang Donates 13.5 Billion Won to Flood-Stricken Nepal

Fashion Runway Show 2026

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 향기네무료급식
  • BCB부천방송
  • 반달곰 프로젝트
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Overseas Koreans
  • Multicultural News