Brussels, 23 July (LaPresse) – EU ambassadors reached a political agreement on the 21st package of sanctions against Russia this morning. According to diplomatic sources, the technical work will now be finalised and the written procedure for adoption will begin this afternoon. The Permanent Representatives of the EU Member States have also agreed to extend the current oil price cap for a further 12 months. According to a diplomatic source, the measure will deprive Russia of substantial oil revenues against a backdrop of volatility in the energy markets. It is reported that negotiations on the 21st package of sanctions against Russia were challenging, but an agreement was reached, maintaining EU unity, as had been the case with the previous 20 packages. Member States were clear and united in calling for strong measures to further limit Russia’s ability to continue its war of aggression against Ukraine. With this new sanctions package, the EU is maintaining pressure on Russia and demonstrating our clear commitment to supporting Ukraine. The package also contains the highest number of individual sanctions of any package in the last four years. It includes extensive restrictions and transaction bans targeting the Russian financial sector, as well as new measures against cryptocurrencies. Further additions to the sanctions lists have also been agreed, covering vessels in the shadow fleet and entities supporting it. Finally, the package commits to taking the necessary measures to restrict visas for former Russian combatants. It also includes new trade restrictions that will further limit the Russian military industry.
Ukraine: EU ambassadors reach agreement on 21st package of sanctions against Russia
Brussels, 23 July (LaPresse) – EU ambassadors reached a political agreement on the 21st package of sanctions against Russia this morning. According to diplomatic sources, the technical work will now be finalised and the written procedure for adoption will begin this afternoon. The Permanent Representatives of the EU Member States have also agreed to extend the current oil price cap for a further 12 months. According to a diplomatic source, the measure will deprive Russia of substantial oil revenues against a backdrop of volatility in the energy markets. It is reported that negotiations on the 21st package of sanctions against Russia were challenging, but an agreement was reached, maintaining EU unity, as had been the case with the previous 20 packages. Member States were clear and united in calling for strong measures to further limit Russia’s ability to continue its war of aggression against Ukraine. With this new sanctions package, the EU is maintaining pressure on Russia and demonstrating our clear commitment to supporting Ukraine. The package also contains the highest number of individual sanctions of any package in the last four years. It includes extensive restrictions and transaction bans targeting the Russian financial sector, as well as new measures against cryptocurrencies. Further additions to the sanctions lists have also been agreed, covering vessels in the shadow fleet and entities supporting it. Finally, the package commits to taking the necessary measures to restrict visas for former Russian combatants. It also includes new trade restrictions that will further limit the Russian military industry.
