World · 15 July 2026

EU fails to agree new sanctions, risking Russia oil price cap lapse

EU foreign ministers could not agree on a 21st sanctions package by July 13, risking Russia's oil price cap expiring by July 15. The failure could allow Russia to sell oil at higher market prices, providing more funds for its war effort against Ukraine. Southern EU countries challenged new measures, which included freezing the oil price cap and an entry ban on Russian soldiers.

By BriefTea Editorial · 15 July 2026 at 0:37

Reported by The Kyiv Independent · How we write briefs

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