Slovakia officially lifted its veto yesterday, clearing the way for a sweeping new EU sanctions package against Russia.
Key measures include:
β’ 22 additional Russian banks added to the sanctions list
β’ Sanctions on the Russian Direct Investment Fund and its subsidiaries
β’ Legal closure of the Nord Stream pipelines
β’ A reduced price cap on Russian crude oil, now set at 15% below the global averageβlowering the cap from $60 to $47.60 per barrel
β’ 105 Russian shadow fleet vessels sanctioned
β’ Sanctions targeting Chinese banks involved in helping Russia evade existing restrictions
β’ Expanded tech export bans
β’ Sanctions targeting Rosneft operations in India
This marks one of the most comprehensive EU sanctions packages to date, intensifying pressure on Russiaβs economy and global partners.
