EU Unveils Landmark 18th Sanctions Package Against Russia, Targeting Oil, Gas, and Banks
EU Unveils Landmark 18th Sanctions Package Against Russia, Targeting Oil, Gas, and Banks The European Union has approved its eighteenth and arguably strongest package of sanctions against Russia, escalating economic pressure over the ongoing war in Ukraine. Announced on Friday, the comprehensive measures target Russia’s vital energy revenues, its financial sector, and its ability to circumvent previous restrictions. Key elements of the new sanctions include a significant reduction in the oil price cap from $60 to $45, a complete ban…