The approved measures restrict Russian banks\u2019 access to transactions, target 105 \u201cshadow fleet\u201d ships used to evade sanctions and ban any transactions related to the Nord Stream pipelines.<\/p>\n
Most significantly, diplomats also approved a dynamic price cap on Russian oil set 15 percent below the average market price of Russian crude, effectively lowering the cap from $60 per barrel, to about $47.6.<\/p>\n
“This decision is essential and timely, especially now, as a response to the fact that Russia has intensified the brutality of the strikes on our cities and villages,” said Ukrainian President Volodymyr Zelenskyy. <\/p>\n
The latest package of Russia sanctions, the 18th for the EU since Russia launched its full-scale invasion of Ukraine in 2022, was proposed a month ago<\/a> but stalled by Slovakia, which demanded Brussels drop its separate plan to phase out Russian gas<\/a> to lift the veto.\u00a0<\/p>\n After\u00a0weeks of negotiations<\/a>\u00a0and\u00a0mounting public pressure<\/a>\u00a0on Bratislava, Fico signaled Thursday evening that he\u00a0would drop his veto<\/a>\u00a0in exchange for obtaining written guarantees from the Commission this week to mitigate potential energy price spikes and shortages \u2014 but the gas phase-out plan appears to proceed.<\/p>\n \u201cThe EU paved the way. Now it\u2019s time for perfect storm \u2014 the U.S. Senate to vote on that Russia sanctions bill imposing crushing burdens on Russian economy and those fueling Russia’s war of aggression,\u201d Lithuanian Foreign Minister K\u0119stutis Budrys wrote on X<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"The approved measures restrict Russian banks\u2019 access to transactions, target 105 \u201cshadow fleet\u201d ships used to evade sanctions…\n","protected":false},"author":3,"featured_media":72521,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[8392,5495,50756,26769,120,50,270,50757,257,50758,126,50759,273,2856,275,103],"class_list":{"0":"post-72520","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world","8":"tag-banking","9":"tag-energy","10":"tag-energy-prices","11":"tag-gas","12":"tag-kaja-kallas","13":"tag-news","14":"tag-oil","15":"tag-robert-fico","16":"tag-russia","17":"tag-russia-sanctions","18":"tag-sanctions","19":"tag-slovakia","20":"tag-ukraine","21":"tag-ursula-von-der-leyen","22":"tag-war-in-ukraine","23":"tag-world"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114874032011347957","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/72520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=72520"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/72520\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/72521"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=72520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=72520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=72520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}