EU locks in oil price cap in new Russia sanctions
European Union countries on July 23 agreed a new watered-down round of sanctions on Russia over the Ukraine war after weeks of haggling, freezing the level of an oil price cap.
The package — the 21st by the EU since Moscow's 2022 invasion — was held up by a raft of objections by member states to various proposed elements.
"Our 21st sanctions package targets the sectors with the highest impact: energy, financial services, crypto, and trade," European Council head Antonio Costa posted on social media.
"Our support for Ukraine and for a just and sustainable peace remains unwavering."
