Sanctions on Russia: EU unveils strongest measures yet; oil cap lowered, shadow fleet hit
Friday, 18 July 2025 () The EU has intensified sanctions against Russia, targeting oil revenues with a reduced price cap of $45 per barrel and banning dealings related to the Nord Stream gas pipelines. These measures aim to constrict Russia's financial capabilities and limit its ability to fund the war in Ukraine.
EU imposes new sanctions on Russia's oil and banks after Robert Fico lifts his veto
The breakthrough on Friday was made only possible after Slovak Prime Minister Robert Fico agreed to lift his veto.
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The European Union has implemented its 18th package of sanctions against Russia, targeting oil revenues and financial networks due to the Ukraine war. Key... IndiaTimes Also reported by •newKerala.com
Friday, 18 July 2025 ()
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