🔴 War in Ukraine: EU agrees 21st round of sanctions on Russia
Summary
The European Union has agreed on its 21st set of sanctions against Russia due to the war in Ukraine. This package includes a one-year freeze on the price cap for Russian oil and exemptions for certain gas transfers and shipping activities.Key Facts
- EU ambassadors reached a political agreement on the 21st sanctions package against Russia.
- The sanctions focus on key sectors: energy, financial services, cryptocurrency, and trade.
- A 12-month freeze on the Russian oil price cap is included in the package.
- There is a one-year exemption allowing Russian liquefied natural gas (LNG) to be transferred to third countries, with automatic renewal.
- Greece received a special exemption for one of its shipping firms to continue transporting Russian Arctic LNG.
- Many proposed bans, like a visa ban on Russians who fought in Ukraine and some import bans, were postponed or removed after member states’ objections.
- Bulgarian, Portuguese, and French objections led to the removal of measures targeting Russian Orthodox Patriarch Kirill and bans on certain fish imports.
- The sanctions package will now be finalized through a written approval process.
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