Russians shop at a supermarket in Moscow. (Photo: AFP/VNA)

"Together, the EU member states have imposed the most forceful and far-reaching sanctions ever to help Ukraine," the presidency announced on Twitter, adding that the EU stands united with Ukraine and the Ukrainian people and will keep supporting Ukraine, for as long as it takes.

The package includes tighter export restrictions regarding dual-use goods as well as measures against entities supporting the war, spreading propaganda or delivering drones used by Russia.

The same day, the US announced new sanctions aimed at further undermining Moscow’s financial capabilities.

The sanctions will target over 200 individuals and entities, including both Russian and third-country actors across Europe, Asia, and the Middle East that are supporting Russia’s military operation and “a dozen Russian financial institutions”, the White House said.

The US administration said they will “sanction additional actors tied to Russia’s defense and technology industry, including those responsible for backfilling Russian stocks of sanctioned items or enabling Russian sanctions evasion.”

Russia’s metal and mining sector is also a target and may suffer increased tariffs on more than 100 metals, minerals, and chemical products worth 2.8 billion USD.

The UK, New Zealand, and South Korea also announced new sanctions against Russia.