EU Approves Harsh New Sanctions on Russia — Oil Cap Lowered, Shadow Fleet Targeted
The European Union has just passed its 18th package of sanctions against Russia, marking one of its most severe actions yet, according to Estonian Prime Minister Kaja Kallas.
Key Points from the Sanctions Package:
105 ships from Russia’s so-called “shadow fleet” have been hit with new restrictions.
Russian banks face tighter limits on accessing international financing.
The Nord Stream gas pipeline construction is now fully banned.
A lower oil price cap has been introduced, set at $47.6 per barrel.
Pressure is increasing on Russia’s military-industrial complex, with additional measures aimed at blocking the export of drone-related technology.
The sanctions even extend to the Rosneft oil refinery in India, reflecting broader secondary targeting.
Chinese banks and entities found to be helping Russia bypass sanctions are also under scrutiny, signaling a wider crackdown on circumvention efforts.
“Our message is clear: aggression has a price—and that price will keep rising,” Kallas posted.
The package is part of the EU’s ongoing strategy to curb Russia’s ability to fund its military operations and influence global energy markets.
