The latest EU sanctions, which received approval from member states on Wednesday night, notably include a prohibition on imports of Russian liquefied natural gas (LNG). This decision reflects a strategic stance to curtail Russia’s energy influence amid the geopolitical tensions.

Meanwhile, in a striking policy shift, U.S. President Donald Trump recently unveiled new sanctions against Rosneft and Lukoil, two of Russia’s oil giants. Speaking to reporters on Wednesday, Trump justified the timing of these measures, which he characterized as “tremendous.” He expressed hope that the sanctions would not need to remain in place for an extended period.

It comes shortly after U.S. President Donald Trump, in a major policy shift, announced new sanctions against Rosneft and Lukoil, two of Russia’s largest oil companies.

Trump told reporters on Wednesday that he felt it was the appropriate time to impose the measures, describing the sanctions as “tremendous” before adding that he hoped they wouldn’t be in place for long.

Kaja Kallas, the EU’s high representative for foreign affairs and security policy, welcomed the Trump administration’s sanctions on Russian oil companies, describing the policy as a “signal of strength.”

Speaking to CNBC’s “Europe Early Edition” on Thursday, Kallas said: “It is really depriving Russia of the means to fund this war and this is necessary to end this war.”

In a social media post, Kallas added that the EU’s latest sanctions package would target Russian banks, crypto exchanges and entities in India and China, among others.

European Commission President Ursula von der Leyen, meanwhile, said the bloc’s 19th package of sanctions, which were formally adopted on Thursday, would keep “the pressure high on the aggressor” of the Russia-Ukraine war.

“For the first time we are hitting Russia’s gas sector — the heart of its war economy. We will not relent until the people of Ukraine have a just and lasting peace,” von der Leyen said on Thursday.