The package freezes the oil price cap at $44.1 per barrel, adds 50 shadow fleet vessels and sanctions nearly 90 banks, crypto platforms and oil traders.

EU's 21st sanctions package targets 11 crypto platforms, nearly 90 Russian banks, and negotiates a $44.10 oil price cap freeze in escalating

The EU has banned its banks from conducting cross-border transactions with 32 Russian banks, European Commission President Ursula von der Leyen said