In January, Budapest, which has maintained close ties with Moscow through the war, held up the renewal of the economic sanctions that include the immobilisation of Moscow's central bank assets. An agreement was reached after the European Commission agreed to include Hungary in talks about resuming gas transit to the EU through Ukraine.

EU foreign ministers adopted a 16th package of sanctions against Russia on, which targets a cryptocurrency exchange for the first time, a Council statement said.

Britain on Monday announced 67 new sanctions designations and named 40 new ships under its Russia sanctions regime, according to a notice posted on the government website. Earlier, Prime Minister Keir Starmer said the package would be Britain's largest against Russia since the early days of the Ukraine war,

The foreign ministers of EU countries unanimously supported the 16th package of EU sanctions against Russia on Monday in Brussels. According to an EU source, this package will target additional sectors of the Russian economy,

The European Union officially approved its 16th package of sanctions imposed against Russia in response to its full-scale invasion of Ukraine. The new measures, announced on the third anniversary of the all-out war,