Ambassadors from all 27 E.U. member states have agreed on the bloc’s 18th package of sanctions against Russia, Germany’s dpa news agency reported on Friday, citing multiple diplomats.
E.U. foreign policy chief Kaja Kallas described the sanctions package as one of the bloc’s “strongest” against Russia so far. According to her, it includes lowering the price cap on Russian oil, which is currently set at $60 per barrel. She also said it targets Rosneft’s largest oil refinery in India, as well as “those indoctrinating Ukrainian children,” Kallas wrote.
“We are putting more pressure on Russia’s military industry, Chinese banks that [enables] sanctions evasion, and blocking tech exports used in drones,” she said.
Dutch Foreign Minister Caspar Veldkamp added that the new package includes “robust measures” aimed at reducing Russia’s oil revenues by “lowering the price ceiling and cutting off more Russian banks from the international banking system.”
Reuters, citing diplomats, reported that the price cap on Russian oil will be reduced to $47.60 per barrel.
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