Slovakia officially lifted its veto yesterday, clearing the way for a sweeping new EU sanctions package against Russia.

Key measures include:

• 22 additional Russian banks added to the sanctions list

• Sanctions on the Russian Direct Investment Fund and its subsidiaries

• Legal closure of the Nord Stream pipelines

• A reduced price cap on Russian crude oil, now set at 15% below the global average—lowering the cap from $60 to $47.60 per barrel

• 105 Russian shadow fleet vessels sanctioned

• Sanctions targeting Chinese banks involved in helping Russia evade existing restrictions

• Expanded tech export bans

• Sanctions targeting Rosneft operations in India

This marks one of the most comprehensive EU sanctions packages to date, intensifying pressure on Russia’s economy and global partners.