EU Intensifies Pressure on Russia with 18th Sanctions Package Over Ukraine Conflict

In a bold move to weaken Russia’s war capabilities, the EU has approved its 18th sanctions package, including a reduced oil price cap and targeting over 100 shadow fleet vessels. Discover how Europe is standing firm with Ukraine.

bloomshorts 4 minutes ago

EU Strengthens Sanctions Against Russia

EU countries have unanimously agreed on a new sanctions package aimed at further pressuring Russia over its ongoing war in Ukraine. This 18th round of sanctions includes significant measures such as lowering the price cap on Russian oil exports and blacklisting over 100 vessels in Russia’s shadow fleet.

Key Measures of the Sanctions Package

The sanctions package introduces a reduced oil price cap, set at 15% below market value, to limit Russia’s revenue from oil exports. Additionally, the EU is taking steps to prevent the revival of the Nord Stream pipelines and is imposing sanctions on a Russian-owned oil refinery in India and two Chinese banks to curb Moscow’s international partnerships.

EU’s Unwavering Support for Ukraine

EU foreign policy chief Kaja Kallas emphasized the EU’s commitment to supporting Ukraine, stating, “Each sanction weakens Russia’s ability to wage war. The message is clear: Europe will not back down in its support for Ukraine.” The sanctions also include expanded bans on transactions with Russian banks and further restrictions on the export of dual-use goods.

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