Fresh EU Sanctions on Russia Could Include Lower Oil Price Cap

The EU is increasingly taking action against Vladimir Putin: new sanctions are being imposed on Russian oil tankers, arms companies and close allies of the Kremlin.

'We have to increase the pressure' — Von der Leyen vows new Russia sanctions after Putin skips peace talks

Ursula von der Leyen announced that the European Commission is preparing a new sanctions package, which would include sanctions on the Nord Stream 1 and 2 pipelines, additional listings of vessels from Russia's shadow fleet, a lower oil price cap, and sanctions on Russia's financial sector.

Fresh EU Sanctions on Russia Could Include Lower Oil Price Cap

The EU is already working on the 18th sanctions package against Russia, which will include a lower price cap, sanctions on the Nord Stream 1 and 2 gas pipelines, more shadow fleet tankers designated, and additional sanctions on the Russian financial sector, European Commission President Ursula von der Leyen said on Friday.   Representatives of the EU’s 27 member states have just approved the 17th package of sanctions package against Russia, targ…

Vladimir Putin shows no willingness to negotiate seriously in the Ukraine war. Now Europeans want to strike Putin's shadow fleet with further sanctions. Russia responds with military threats in the Baltic Sea region.

Von der Leyen: as part of further sanctions, lowering the price cap on Russian oil

The President of the European Commission, Ursula von der Leyen, stated on Friday that Vladimir Putin’s absence during the negotiations in Istanbul shows that he does not want peace. Therefore, as she announced, the EU will impose the 18th sanctions package, which will hit Nord Stream 1 and 2 as well as the Russian financial sector. The Commission will also propose lowering the price cap on oil from Russia. Von der Leyen, participating in the sum…

The EU is preparing the 18th package of sanctions against Russia, with regard to the North Stream, the banking sector and the "fantom" fleet. Ursula von der Leyen stated that the EU needs to intensify pressure on Putin to achieve peace. North Stream 1 and 2, held by Gazprom, are subject to new sanctions. Russia's "fantom" fleet, formed from ships used to execute sanctions, is included in the sanctions package.The European Commission President Ur…