The European Union Announced a 21st Sanctions Package Against Russia. What It Will Include

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The European Union announced a 21st sanctions package against Russia. What it will include

✹ A ban on entry into the EU for everyone who took part in the Russian-Ukrainian war on Russia’s side.

✹ Restrictions against another 31 Russian banks, as well as 20 banks, cryptocurrency companies, or platforms from third countries.

✹ Sanctions against 30 "shadow fleet" tankers and the vessels that help them.

✹ A ban on selling LNG tankers to Russia and the introduction of sanctions against ports trading in Russian energy resources.

✹ The price cap on Russian oil will remain unchanged, however (currently $44.1 per barrel) until January 2027.

@meduzalive

New Package, Same Oil Cap Ceiling

The EU announced a new package while leaving the oil cap unchanged.

The main lever was left alone again.