European Commission presents 21st sanctions package, global markets decline

The European Commission, led by President Ursula von der Leyen, formally presented its 21st package of sanctions against Russia on June 9. A key proposal within this package is an entry ban to the EU for all Russian military personnel who have served since the full-scale invasion of Ukraine. Von der Leyen emphasized, "Europe is closed to all who participated in the invasion of Ukraine. It's that simple." The new measures also introduce restrictions on Russia's energy, financial services, cryptocurrencies, trade, and fishing sectors. Earlier reports had suggested targets for Russia's military-industrial complex and its "shadow fleet."

Concurrently, global stock markets experienced a notable decline on June 8, primarily due to a sell-off in technology and semiconductor shares. South Korea's Kospi index dropped by up to 8.8%, with major firms like Samsung Electronics and SK Hynix seeing share values fall over 10%.

Sources: Forbes Ukraine, Громадське, Радіо Свобода