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EU Agrees on 21st Russia Sanctions Package

EU member states have reached a political agreement on a new package of sanctions against Russia after resolving internal disputes over key measures.

EU ambassadors approved the 21st sanctions package, targeting Russia’s financial sector, energy revenues and entities supporting the Kremlin’s war against Ukraine

Greece lifted its objections after securing a renewable exemption allowing European companies to continue transporting Russian LNG to non-EU countries

The compromise also freezes the Russian oil price cap at its current level for 12 months to prevent it from automatically increasing as oil prices fluctuate

The negotiations highlighted growing divisions within the EU, as several member states pushed for exemptions to protect national economic interests before the agreement was reached

Source: Politico EU, Euronews

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