New Delhi, Aug. 17 -- The European Union is preparing to expand its blacklist of sanctioned Russian individuals and companies by roughly one-third - the most ambitious single addition since the sanctions regime began in February 2022 - with a package targeting Moscow's military-industrial complex and export networks that EU foreign policy chief Kaja Kallas plans to present to member states in the autumn.

adding roughly 1,000 individuals and companies to the existing list.

The announcement represents a strategic inflection point in the EU's approach to economic pressure on Moscow. Twenty-two sanctions rounds have passed since February 2022, the most recent of which saw the EU target Russia sanctions targeting 90 Russian banks in a sweepi...