Brussels: European Commission President Ursula von der Leyen on Friday unveiled the Commission’s proposals for a 19th package of sanctions on Russia, with measures primarily aimed at the energy and financial sectors.
According to the statement, the EU plans to prohibit imports of Russian liquefied natural gas into its market and reduce the price cap on Russian crude oil to $47.6 per barrel. Russian energy giants Rosneft and Gazpromneft would also face a complete trading ban.
The proposed measures further expand restrictions on financial transactions, extending the ban to cover dealings with Russian banks and institutions in other countries. For the first time, cryptocurrency platforms are also included in the sanctions framework.
Under EU rules, the package requires unanimous approval from all 27 member states before it can take effect.
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