EU Commission President Ursula von der Leyen made the announcement as she presented the bloc’s 21st package of sanctions on Moscow.

The new package of sanctions is intended to delay a scheduled review of the price cap on Russian oil, which has surged following the closure of the Strait of Hormuz, to avoid…

The package will also include a freeze on the current pricing mechanism for Russia energy imports until the end of 2026, meaning Moscow won't be able to profit from rising prices…