EU Agrees on 21st Sanctions Package Against Russia
The European Union has imposed a new sanctions package including a ban on transactions with 32 Russian banks, crypto companies, and oil platforms, as well as a freeze on adjusting the oil price cap.
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European Commission President Ursula von der Leyen welcomed the agreement on the 21st package of European Union sanctions against Russia, stating that the new restrictions aim to "further weaken the economic base of the Russian war machine." She wrote this on social media platform X.
"We are adding another 32 Russian banks to our list of prohibited transactions, as well as cryptocurrency companies and oil trading platforms. We are freezing the adjustment of the oil price cap for a year to prevent the Russian war machine from benefiting from market shocks," she noted.
The head of the European Commission also reported that for the first time, sanctions have targeted vessels assisting Russia's "shadow fleet" and emphasized that the EU has taken an important step towards a formal ban on Russian warships entering EU ports. Von der Leyen also thanked Ireland, which holds the rotating presidency of the EU Council, for facilitating the agreement on the new sanctions package.
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EU imposed 20 sanctions packages against Russia
EU agreed on 21st sanctions package
Ban on transactions with 32 Russian banks, crypto companies, and oil platforms introduced