US EditionEU announces 20th sanctions package against Russia
The EU aims to slash Russia's energy revenues with a ban on maritime services for crude oil and targets 640 shadow fleet vessels, pending approval by member states.
- EU Chief Ursula von der Leyen proposed new sanctions targeting Russian oil, including a ban on shipping services for Russian crude oil, to be coordinated with like-minded partners after a G7 decision.
- The new sanctions package includes a full ban on maritime services for Russian crude oil and targets an additional 43 vessels linked to Russia's shadow fleet.
79 Articles
79 Articles
Sweeping EU sanctions plan aims to hit Russian crude exports harder
The European Commission on Friday proposed a sweeping ban on any services that support Russia's seaborne crude oil exports, going far beyond previous piecemeal EU sanctions in its effort to stunt Moscow's key source of income for its war on Ukraine. Russia exports over a third of its oil in…
The EU has launched a new package of sanctions against Russia. The new measures primarily target tankers carrying Russian crude oil. The aim is to further reduce Russia's oil revenues.
The measure would have a much greater impact compared to previous targeted sanctions by the European Union (EU), in its effort to reduce Moscow's main source of income for the war against the Ukrainians.
EU Sanctions Russia With New Energy, Trade and Financial Restrictions
EU President Ursula Von Der Leyen. Credit: European Parliament / CC BY 2.0 The European Union announced a new round of sanctions on Russia as pressure mounts for an end to the war in Ukraine. The measures expand restrictions on energy, trade and finance, as the EU sanctions Russia with its 20th package since the invasion began. The decision comes as war continues and diplomatic efforts intensify. European Commission President Ursula von der Leye…
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