World · 23 July 2026
European Union agrees new sanctions targeting 94 Russian banks and Moscow's stock exchange
The agreement locks the maximum price of Russian oil at $44.10 per barrel for a year to limit Moscow's earnings. Following pressure from Greece, European firms won a 12-month exemption to continue moving Russian liquefied natural gas to buyers outside Europe. Diplomats approved the restrictions on Thursday, which also penalise crypto platforms and ships assisting Russia's shadow fleet.
Reported by Reuters · How we write briefs