The European Union is proposing new sanctions against Russia. These measures could affect companies in India and other nations. The EU aims to stop support for Russia's war efforts. Restrictions will target technology and materials crucial for Russia's defense. New designations will also impact Russia's drone sector. The EU seeks to weaken Russia's economic capacity.

New proposed listings target Russia's 'military industrial complex, human rights violators and propagandists'.

BRUSSELS -- The European Commission has proposed the 21st package of sanctions against Russia, targeting key sectors including energy, financial services, crypto, trade and, for…