The move allows the bloc to freeze Sinwar’s funds and other financial assets in EU member states, and to prohibit EU-based operators from making economic resources available to him. The sanctions aim to stifle Hamas’ financial resources and prevent its militants from orchestrating further attacks.
Official press release
Notably, the EU has sanctioned Hamas already:
Now if only the UN would follow suit and also recognize Hamas’ terrorist status. That would force UNRWA to clean house and maybe some of the food going into Gaza might actually reach the people who need it.