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France 24

EU launches new sanctions against Russia for oil price cap

France 24 · Recent
France 24
France 24
Recent

On Friday, the European Union approved an 18th round of sanctions targeting Russia for its ongoing war in Ukraine, introducing new measures designed to further cripple the country’s oil and energy sector.

Breakdown
  • EU targets Russian oil exports with new sanctions and a lower price cap.
  • The oil price cap is reduced from $60 to $47 per barrel. 28s
  • Sanctions package cuts 22 more Russian banks off the SWIFT system. 36s
  • Ukraine welcomes the sanctions but stresses the need for more weapons and air defense. 1m 12s
  • Russia denounces the sanctions but says it has adapted to them. 54s
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