The European Union has imposed new sanctions on Russia, which include a ban on new investments in the energy sector, according to the European Commission’s website. Exceptions are made for peaceful atom and energy transportation.

A ban is also imposed on the supply of a number of goods. In particular, these are steel products, luxury goods, premium cars and jewelry.

In addition, the EU has banned rating agencies from providing any credit rating services related to Russia.

The EU expects that these measures will result in Russia losing up to €3.3 billion in export revenues.

Earlier, French Economy and Finance Minister Bruno Le Maire said that more than 600 Russians would fall under the new sanctions restrictions. He called this package of sanctions “the most ambitious”.

“Such a strong package of sanctions has never been adopted in the history of the European Union. This is a historic decision,” the minister emphasized.