The European Union has imposed a tough round of sanctions against Belarus over its continued human rights abuses and in response to involvement in Russia's military aggression against Ukraine.
The measures expand the ban on exports to Belarus to a number of highly sensitive goods and technologies which contribute to Belarus's military and technological enhancement.
The European Council imposed an additional export ban on firearms and ammunition, and on goods and technology suited for use in Belarus' aviation and space industry, including aircraft engines and drones.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.