European Commission (EU) President Ursula von der Leyen on Tuesday announced the EU is proposing a fifth package of sanctions against Russia over Ukraine. 

The sanctions include an import ban on coal from Russia worth 4 billion euros per year, a full transaction ban on four key Russian banks, among them VTB, the second largest Russian bank.

Still, the EU will ban Russian and Russian-operated vessels from accessing EU ports and Russian and Belarusian road transport operators, as well as impose further export bans in crucial areas like advanced semiconductors, machinery and transport equipment.

The EU is also seeking specific new import bans worth 5.5 billion euros and other targeted measures against Russia, von der Leyen said.

"Finally, we are also proposing further listings of individuals. We are also working on additional sanctions, including on oil imports, and reflecting on some of the ideas of the member states, like taxes or specific payment channels such as an escrow account," she said on Tuesday.