The EU will prepare its 21st package of sanctions against Russia, including a freeze on the oil price cap, by 15 July 2026.

The European Union is deliberating a temporary halt to its Russian oil price cap as the Iran war extends into its fourth month, impacting global energy dynamics.

The European Union is currently considering a range of restrictive measures that could be included in its upcoming 21st sanctions package against Russia, including sanctions…

The EU is considering a temporary freeze on its dynamic price cap for Russian Urals crude to prevent an automatic price ceiling increase driven by skyrocketing global energy costs.

Last year the EU introduced a mechanism ensuring that every six months the price cap for Russian Urals crude oil is automatically set at 15% below the average market price

Ukraine has aligned with the EU’s 20th sanctions package, expanding restrictions on Russian oil, drone producers and military-linked entities.

The publication notes that the European Commission may present proposals for the 21st sanctions package as early as next week

Sources indicate that proposals for a full ban on Russian oil and maritime services restrictions do not yet have sufficient support among EU member states

The EU will prepare its 21st package of sanctions against Russia, including a freeze on the oil price cap, by 15 July 2026.

ЄС підготує 21-й пакет санкцій проти Росії із замороженням ціни на нафту до 15 липня 2026 року.

The European Commission plans to present the European Union's new 21st package of sanctions against Russia early next week, on 8 or 9 June.

ЕС также может продлить санкции в отношении российских энергетических компаний "Лукойл" и "Роснефть".

The EU is preparing a new sanctions package against Russia targeting oil revenues, banks, shadow fleet vessels, and potentially senior Kremlin-linked figures, according to…