EU countries agree new sanctions on Russia that includes a price cap on Russian oil
Thursday, 06 October, 2022, 13:54
The European Union has approved new sanctions against Russia, including a price cap on the maritime trade of Russian oil.
It comes in direct response to the illegal annexation of four Ukrainian regions.
The latest sanctions, endorsed on Wednesday morning by EU ambassadors, also introduce new exports and imports ban, as well as a brand-new provision that would prevent EU nationals from sitting on governing boards of Russia's state-owned companies.
New individuals and entities accused of undermining Ukraine's territorial sovereignty are being added to the extensive blacklist.
Fossil fuels are Russia's main source of revenue and make up 45% of the country's federal budget.
Russia rejects $60 oil price cap322Yesterday, 11:06
G7 coalition agrees $60 per barrel price cap for Russian oil48003.12.2022, 11:42
Ukraine is developing a mechanism for importing electricity from Europe53825.11.2022, 10:48
France’s Bonduelle to continue operations in Russia, observe sanctions, says company head60924.11.2022, 22:30
Roberta Metsola: Our support to Ukraine only grows stronger58324.11.2022, 17:06
Biden instructs to allocate additional $400 mln for military assistance to Ukraine49523.11.2022, 21:48
The United States Contributes $4.5 Billion to Support the Government of Ukraine48622.11.2022, 21:48
Canada imposes new Iran sanctions over drones for Russia, human rights48216.11.2022, 21:18