The European Union (EU) agreed on February 25, 2022 to impose a new round of sanctions on Russia in response to its invasion of Ukraine. The sanctions target Russian banks, state-owned enterprises, and individuals close to the Russian government.

The sanctions include:

• A ban on all transactions with four Russian banks, including VTB Bank, the country's second-largest bank.
• A ban on the export of high-tech goods to Russia, including semiconductors and aircraft parts.
• A freeze on the assets of Russian oligarchs and their families.
• A ban on new investments in Russia.

The EU also said that it would be providing additional military and financial assistance to Ukraine.

The new sanctions are the latest in a series of measures that the EU has taken in response to the Russian invasion of Ukraine. The EU has already imposed a number of sanctions on Russia, including a ban on imports of Russian coal and a freeze on the assets of the Russian central bank.

The new sanctions are designed to further isolate Russia from the global economy and to put pressure on the Russian government to end the war in Ukraine.

The sanctions are likely to have a significant impact on the Russian economy. The ban on imports of high-tech goods will make it difficult for Russian companies to produce and export goods. The freeze on the assets of Russian oligarchs will make it difficult for them to do business. And the ban on new investments in Russia will make it difficult for the country to attract foreign investment.

The sanctions are also likely to have a negative impact on the global economy. The ban on Russian coal will increase the price of energy, which will have a knock-on effect on inflation. And the disruption to trade with Russia will have a negative impact on global supply chains.

The new sanctions are a significant escalation of the EU's response to the Russian invasion of Ukraine. They are likely to have a significant impact on the Russian economy and the global economy. It remains to be seen whether the sanctions will be enough to force the Russian government to end the war.