The authorised measures prohibit Russian banks’ entry to transactions, goal 105 “shadow fleet” ships used to evade sanctions and ban any transactions associated to the Nord Stream pipelines.
Most importantly, diplomats additionally authorised a dynamic value cap on Russian oil set 15 % under the typical market value of Russian crude, successfully decreasing the cap from $60 per barrel, to about $47.6.
“This resolution is crucial and well timed, particularly now, as a response to the truth that Russia has intensified the brutality of the strikes on our cities and villages,” mentioned Ukrainian President Volodymyr Zelenskyy.
The newest package deal of Russia sanctions, the 18th for the EU since Russia launched its full-scale invasion of Ukraine in 2022, was proposed a month ago however stalled by Slovakia, which demanded Brussels drop its separate plan to phase out Russian gas to carry the veto.
After weeks of negotiations and mounting public pressure on Bratislava, Fico signaled Thursday night that he would drop his veto in change for acquiring written ensures from the Fee this week to mitigate potential power value spikes and shortages — however the gasoline phase-out plan appears to proceed.
“The EU paved the best way. Now it’s time for good storm — the U.S. Senate to vote on that Russia sanctions invoice imposing crushing burdens on Russian financial system and people fueling Russia’s warfare of aggression,” Lithuanian International Minister Kęstutis Budrys wrote on X.
