The new measures include 94 financial institutions, crypto platforms, and a 12-month freeze on the Russian oil price cap at $44.10 per barrel.
The European Union has agreed on its 21st sanctions package against Russia, expanding restrictions to include 94 financial institutions and the Moscow Exchange. The measures also broaden transaction bans on additional crypto platforms and target vessels supporting Russia’s shadow fleet for the first time.
This package follows prior rounds of sanctions and introduces a 12-month freeze on the Russian oil price cap at $44.10 per barrel. Previous measures focused on energy exports, military supplies, and financial sector restrictions, but this iteration tightens controls on digital assets and maritime trade.
The sanctions aim to further isolate Russia’s economy and limit its revenue streams amid ongoing geopolitical tensions.