In early February 2023, the European Union proposed further sanctions against Russia as a response to the ongoing war in Ukraine. This new set of sanctions includes a comprehensive ban on shipping services that support Russia's crude oil exports, highlighting the EU's commitment to using economic pressure as a tool to influence Moscow's military ambitions. European Commission President Ursula von der Leyen emphasized that achieving any progress in peace negotiations relies heavily on pressuring Russia to engage sincerely in talks. This package of sanctions aims to target not only the maritime services aiding oil transport but also Russia's financial services, banking system, and trade sectors. The intent is to significantly reduce Russia's energy revenues, which have been crucial for its economy and military funding. The European Commission has called for coordination with global partners, notably the Group of Seven (G7) nations, to ensure a unified approach amid this geopolitical crisis. Additionally, the proposal outlines measures to combat circumventions of existing sanctions, including targeting the extensive 'shadow fleet' of tankers that Russia allegedly uses to evade penalties. By aiming to tighten regulations around shipping services and financial transactions, the EU hopes to disrupt the flow of funds to Russia, which would, in turn, hinder its military operations in Ukraine. These proposed sanctions come as the EU continues to grapple with the broader implications of the war, including the impact on energy supplies and economic stability across Europe. Discussions among EU member states to finalize these sanctions are set to take place soon, with hopes to implement new measures by February 23, 2023, just before the war's anniversary. The ongoing conflict has prompted various rounds of sanctions, totaling nineteen, designed to weaken Russia's war capabilities, and there is insistence among EU leaders that further actions are necessary to bring lasting peace to the region.