EU targets Russian oil in tough new Ukraine war sanctions

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The European Union on Friday adopted a new package of sanctions on Russia on the Ukraine War, and reducing the price cap for Moscow oil exports pile up further pressure on the Kremlin.

The 18th round of economic measures against Russia against Russia has come after the 2022 attacks when the allies hope that US President Donald Trump threatens to punish Moscow for stopping peace efforts.

“The European Union has so far approved one of its strong sanctions package against Russia,” said Kaja Kalas, the head of the European Union’s foreign policy.

“The message is clear: Europe will not return to its support for Ukraine. The European Union will continue to increase pressure until Russia ends its war.”

Ukrainian President Wolodmeer Zillsky called the adoption of sanctions “necessary and timely”.

Slovakia approved new measures after Slovakia left the long block of Saturday after discussing with Brussels on separate projects to eliminate Russian gas imports.

Robert Fico-a friendly Slovakian leader for the Kremlin, whose country depends on Russian energy-has left opposition to the future after being called “guarantee” from Brussels to gas prices.

French Foreign Minister Jean Noel Beirut termed the latest actions “unprecedented” and said “together with the United States, we (Russian President) will force Vladimir Putin into a ceasefire”.

“We are maintaining pressure on Russia,” said German Chancellor Frederick Mirz.

But the Kremlin said it would try to “minimize” its effects, and warned that the measures would be returned to the European Union.

As part of the new sanctions for Russia’s war chest, the European Union agreed to reduce its price cap on Russian oil exported to third countries around the world, which is less than 15 % of market price.

This has come out despite the European Union allies failing to persuade Trump to go along with the plan.

This hat is a G7 move aimed at restricting Russia’s money to countries like China and India.

Founded at $ 60 a barrel by G7 in 2022, it is designed to limit the price that Moscow shipping firms and insurance companies can sell oil worldwide by banning exporting more than Russia.

The European Union has already eliminated Russian oil imports.

Under the European Union’s new scheme – which Brussels hopes to join the G7 allies like the UK and Canada – the new level will start at $ 47.60 and can be adjusted with a change in oil prices in the future.

European Union officials acknowledged that the scheme would not be so effective without US involvement.

Tanker, refinery, bank

In addition, officials said that the European Union is blacklizing more than 100 ships in the “Shadow Fleet” of aging tankers used by Russia to prevent oil exports.

There are also steps to prevent the Bulkat C gas pipelines from bringing back the Nord Stream 1 and 2 online in the future.

In other goals, Russian -owned oil refinery and two Chinese banks will be banned in Russian -owned in India as the European Union has tried to stop Moscow relations with international partners.

There are also more restrictions on the export of an extended transactions and “dual use” goods on issues with Russian banks that can be used on the battlefield in Ukraine.

The latest period of European Union’s actions has come when Trump was threatened to collide with Russian energy buyers on Monday if Russia does not stop fighting within 50 days.

Trump’s move represented the dramatic axis with his former efforts with the Kremlin, because he said his patience with Putin was ending.

In the three -and -a -half years after its attack, several rounds of international sanctions imposed on Moscow have so far failed to end the Russian economy or slow down its war efforts.

But Western officials believe that Russia’s economy, despite the extensive punishment of this point, is deteriorating, such as interest rates and inflation, such as significant economic indicators.