EU to Impose New Sanctions on Russia's Military Modernization, Says Official.

The European Union is set to launch an 11th wave of sanctions on Russia and clamp down on efforts to evade economic penalties introduced in the wake of its full-scale invasion of Ukraine, according to Mairead McGuinness, EU commissioner for financial stability, financial services and capital markets union. McGuinness said the sanctions were working and that the EU would be doing more, but it needed to look at full implementation. She added that the EU was working with the US, UK, Canada and Japan, among other allies, to ensure the sanctions on Russia were implemented effectively and gather intelligence on the country's attempts to evade sanctions.