EU adopts 18th sanctions package against Russia and Belarus in relation to ongoing war of aggression against Ukraine

The EU has adopted its 18th sanctions package targeting Russia and Belarus, intensifying pressure on their energy, banking, military, and trade sectors. The measures aim to hold Russia accountable for its ongoing aggression against Ukraine and to push for a just and lasting peace.

The package includes 55 new listings, comprising 14 individuals and 41 entities, linked to actions threatening Ukraine’s sovereignty, bringing the total to over 2,500 individuals sanctioned.

In the energy sector, the EU has lowered the oil price cap from USD 60 to USD 47.6 per barrel and added a dynamic adjustment mechanism. It also sanctioned 105 more vessels tied to Russia’s shadow fleet, now totaling 444, and targeted related companies and indi