EU signs off on 21st package of sanctions against Russia – Europe live
Summary
The European Union has agreed on its 21st package of sanctions against Russia to weaken its ability to continue the war in Ukraine. The sanctions include bans on Russian banks, crypto firms, and oil traders, with a focus on limiting Russia’s oil revenue and targeting ships helping Russia evade sanctions. Greece secured a special exemption related to liquefied natural gas (LNG) transport, allowing it to continue some business until 2027.Key Facts
- The EU adopted its 21st package of sanctions against Russia amid the ongoing war in Ukraine.
- The sanctions ban transactions with 32 additional Russian banks, some crypto companies, and oil trading platforms.
- The EU froze the oil price cap adjustment for one year to stop Russia from benefiting from higher oil prices.
- For the first time, the sanctions target vessels that help Russia’s "shadow fleet" avoid restrictions.
- Greece blocked the sanctions at first but agreed after securing a one-year exemption for LNG transport contracts signed before the war.
- The exemption protects Dynagas, a major Greek company transporting Russian LNG.
- The package includes the most sanctions on individuals in the past four years.
- A ban on Russian ex-combatants entering the EU was discussed but appears delayed for now.
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