US EditionWhy the EU Faces an Uphill Battle to Pass Its 18th Russia Sanctions Package
- On June 10, the head of the European Commission revealed the EU’s eighteenth sanctions package against Russia, focusing on restrictions related to oil exports and the banking industry amid the ongoing conflict in Ukraine.
- This sanctions package, following the 17th one implemented in May, proposes reducing the maximum allowable price for Russian oil exports from $60 down to $45 per barrel to further diminish a major source of Russian government income.
- The measures also add 77 vessels associated with Russia's shadow fleet to the blacklist, broaden the SWIFT ban to include 22 more banks, and introduce export restrictions totaling approximately 2.5 billion euros on goods that support Russia’s military efforts.
- Von der Leyen emphasized that only decisive measures will influence Russia’s actions, highlighting that the country’s income from oil and gas has dropped by nearly 80 percent.
- The EU expects the sanctions debate to proceed this week, with the G7 summit on June 15-17 likely to discuss the oil price cap and strengthen coordinated pressure on Russia.
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Russia poses a threat to the security of the entire alliance, German Chancellor said
The 18th package proposed by the European Commission exceeds its predecessors. This is mainly due to one effect: Brussels is targeting more and more third parties in order to harm Russia.
·Frankfurt, Germany
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The EU Commission has presented its proposal for an 18th package of sanctions against Russia. The new sanctions are mainly aimed at Russian revenues from energy sources and the armaments industry, as Commission President Ursula von der Leyen reported.
·Germany
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Leaning Left8Leaning Right8Center8Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
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- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
L 33%
C 33%
R 33%
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