The European Union has enacted a comprehensive set of sanctions against Russia, which includes a lower oil price cap and bans on transactions with that country’s Nord Stream gas pipelines. This action is part of a broader strategy to maintain support for Ukraine and exert continued pressure on Russia until the conflict ends. Ukrainian officials welcomed these sanctions, noting they strengthen deterrent measures. The EU aims to reduce Russia's revenue from energy exports while coordinating with global allies, although geopolitical tensions have complicated these efforts.
The European Union has approved a new package of sanctions against Russia, including a lower oil price cap and a ban on transactions with Nord Stream gas pipelines.
Kaja Kallas stated that this move represents one of the strongest sanctions packages against Russia to date, aiming to maintain pressure until the war ends.
Ukrainian Prime Minister Yulia Svyrydenko praised the EU's sanctions, asserting they strengthen pressure where it counts while indicating that more needs to be done.
The European Commission proposed lowering the oil price cap from $60 to $45 to diminish Russia's energy revenues, amid rising oil prices due to conflicts.
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