French EU Presidency: Member states have agreed on new sanctions against Russian leaders, oligarchs

French Presidency of EU said on Wednesday, “member states have agreed on new sanctions against Russian leaders and oligarchs over Ukraine invasion.”

Additional quotes

A meeting approved sanctions to complete and align with existing sanctions.

New sanctions target excluding three Belarus banks from swift.

These new sanctions clarify questions over cryptocurrencies.

Sanctions targeting maritime sector also approved ahead of EU leaders summit.

EU summit will formally adopt these new sanctions.

Market reaction

The shared currency remains unfazed by the above announcement, as EUR/USD keeps its recovery momentum intact towards 1.1000. The pair is testing highs at 1.0980, adding 0.74% on the day.