Sanctions on Russia: EU unveils strongest measures yet; oil cap...

added a post in Business

2025-07-18 10:18:12 -

Sanctions on Russia: EU unveils strongest measures yet; oil cap lowered, shadow fleet hit

The EU has intensified sanctions against Russia, targeting oil revenues with a reduced price cap of $45 per barrel and banning dealings related to the Nord Stream gas pipelines. These measures aim to constrict Russia's financial capabilities and limit its ability to fund the war in Ukraine.

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