BRUSSELS—Representatives of the 27 European Union countries meet in Brussels on Wednesday to discuss a new batch of sanctions against Russia, which the head of the bloc’s executive said could cost 11 billion euros ($11.8 bln) in lost trade.
The bloc is expected to agree new sanctions to mark the one-year anniversary of Russia’s invasion of Ukraine on Feb. 24, but the specific proposals must yet win the unanimous backing of all EU member states.
