Eighth sanctions package in the Kremlin. The war in Ukraine continues to have many economic consequences. The European Union has just approved other sanctions that will have to bring the Kremlin regime to its knees. The Russian oil price ceiling is included in the ninth package of sanctions against Russia on which EU countries have reached an agreement, according to diplomatic sources. The deal paves the way for a ban on EU ships from transporting Russian oil to countries outside the EU at prices set above a certain level, thus using the price cap to hit Kremlin oil revenues, as previously advocated by the G7.
The approval of the European sanctions package against Russia is welcomed by the President of the European Commission, Ursula von der Leyen. ‘I welcome the agreement reached by the Member States on the eighth sanctions package. We move quickly and decisively. We will never accept Putin’s fake referendums or any kind of annexation in Ukraine. We are determined to continue to make the Kremlin pay.”
Source: IL Tempo
Emma Fitzgerald is an accomplished political journalist and author at The Nation View. With a background in political science and international relations, she has a deep understanding of the political landscape and the forces that shape it.
