• 2026.11.11 (Wed)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
[등록] 2026-09-01 15:48:31
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
    • Pet Life
    • Halal Horizon
  • 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 Bong-seon's Photo 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

  • Gold Trade Without US Dollars: China's New Channel for Yuan Internationalization

  • China’s First AI-Generated Film Bombs at the Box Office, Failing to Recover Even a Fraction of Its Budget

  • Asian Semiconductor Hubs Shaken as Taiwan’s TAIEX Slumps 9% Amid AI Sell-Off

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

Comments 0

Weekly Hot Issue

  • Hyundai Motor Deepens Tech Alliances with Samsung and Nvidia to Pioneer the Physical AI Era
  • G마켓 Expands Beyond Search: E-Commerce Giant Taps Creators for SNS Shopping
  • JTBC Initiates Formal Sale Process to Find a Strategic Buyer
  • Miky Lee Honored with Asian Hall of Fame’s Centennial Medal for Pioneering Global K-Culture
  • The Harsh Reality of K-Pop: Why Small Agency Idols Struggle to Survive Beyond Three Years
  • Regional Tourism in South Korea Struggles as Infrastructure Lags Behind Inbound Airport Growth

Most Viewed

1
US Army Conducts Rare Temporary Burial Drills to Prepare for Worst-Case Large-Scale War Scenarios
2
World Citizens are Flying Directly to Busan... The Era of 4 Million Foreigners is Just Around the Corner
3
South Korea and Ethiopia Sign Trilateral MOU to Introduce Liquid-Based Cytology (LBC) Technology for Cervical Cancer Diagnosis
4
Eating 100g of Baechu Kimchi Daily Linked to Lower High-Cholesterol Risks
5
From Kim Whanki to Pokémon Cards... Seoul Auction Opens the Floodgates
체리가든 스토리
nutri huevos
로타리
동포저널

Hot Issue

LG Electronics and Skyscanner Partner to Bring Smart Travel Planning to Living Rooms

Regional Tourism in South Korea Struggles as Infrastructure Lags Behind Inbound Airport Growth

Miky Lee Honored with Asian Hall of Fame’s Centennial Medal for Pioneering Global K-Culture

Fashion Runway Show 2026

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

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
  • News K
  • 반달곰 프로젝트
  • 광고문의
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being 
    • 전체
    • Pet Life
    • Halal Horizon
  • 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 Bong-seon's Photo Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Overseas Koreans
  • Multicultural News