European Union (EU) foreign ministers will adopt a new ad hoc sanctions regime against Hamas next Monday, French foreign ministry deputy spokesperson, Christophe Lemoine, told journalists on Thursday, Reuters reports.

“It will target individuals and money transfers”, Lemoine said.

The expected move on Monday will follow a decision this week by the EU to impose sanctions against Yahya Sinwar, the political leader of Hamas in Gaza, over the Palestinian militant group’s deadly attack on Israel last October.