Following a special meeting of the European Council on Saturday 30 August, the EU announced that preparatory work will be undertaken this week on proposals for potential new sanctions and that it “stands ready to take significant further steps, in light of the evolution of the situation on the ground“. This was reiterated by EU Council President Herman Van Rompuy in his post-meeting remarks in which he noted that the Phase 3 sanctions were having a “visible impact” on the Russian economy.
Notably, the European Council’s ‘Conclusions’ of the special meeting state that the new restrictive measures will provide for the designation of “every person and institution dealing with the separatist groups in the Donbass“. The Conclusions do not indicate what other measures may be considered as part of the proposals, but we will continue to report on developments through this blog.
