EU Unveils New Russia Sanctions, Lowers Oil Price Cap After Slovak Veto Lifted
EU Unveils New Russia Sanctions, Lowers Oil Price Cap After Slovak Veto Lifted The European Union has officially approved its 18th package of sanctions against Russia, including a significant reduction in the oil price cap and new restrictions targeting Russian financial institutions and shipping. The decision follows weeks of negotiations and the lifting of Slovakia’s veto, which had previously stalled the measures. Key components of the new sanctions include a dynamic price cap on Russian crude oil, now set at…