EU foreign ministers agree to extend sanctions against Russia

Editor’s note: This story is being updated.

European Union foreign ministers approved the extension of sanctions against Russia on Jan. 27, the EU’s chief diplomat, Kaja Kallas, announced on X.

“Europe delivers: EU foreign ministers just agreed to extend again the sanctions on Russia. This will continue to deprive Moscow of revenues to finance its war. Russia needs to pay for the damage they are causing,” Kallas wrote on X.

Putin’s war economy is running on fumes as inflation and shortages surge

Russian President Vladimir Putin frequently boasts about the strength of his country’s economy, claiming that Western sanctions only made it stronger (while in the same breath demanding that they be lifted). In fact, “stagflation” — inflation combined with minimal growth — is coming to Russia. His w…

The Kyiv IndependentAnders Åslund