The European Union has adopted its twenty-first sanctions package against Russia. This expands restrictions on banks, cryptocurrency networks, and oil trade significantly. The bloc also froze the Russian oil price cap for the next twelve months. New measures target Russia's military-industrial complex and dual-use goods. These actions aim to increase pressure on Russia over the war in Ukraine.

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

EU ambassadors on Thursday reached a political agreement on a new round of sanctions against Russia over the Ukraine war, according to EU diplomats. The 21st sanctions…