The European Union has approved its 18th and most stringent package of sanctions against Russia, targeting the country's vital oil exports and financial sector in response to the ongoing war in Ukraine.
Key measures include a substantial lowering of the price cap on Russian crude, bans on transactions with additional Russian banks, and restrictions on Russia's 'shadow fleet' of oil tankers. The new sanctions are designed to slash Russia's energy revenues, but analysts note that major buyers like India and China may continue imports, potentially blunting the impact. The package faced internal EU resistance, notably from Slovakia, but was ultimately passed after guarantees were provided.
While the EU hopes these measures will strike at the heart of Russia's war machine, Moscow claims to have developed resilience against Western sanctions.
.Here are the top political news stories for today.
Be the first to reply to this general discussion.
Join in on more popular conversations.
