The EU has approved its 21st sanctions package against Russia after Greece agreed to lift its veto in exchange for an exemption allowing Greek companies to continue transporting Russian LNG to non-EU customers under pre-2022 contracts.
The package keeps the Russian oil price cap at $44 per barrel for another year and expands sanctions to include more shadow fleet vessels, Russian banks, crypto and oil-trading platforms, metals, and over 250 individuals and companies.
Several proposed measures were watered down during negotiations, including dropping restrictions on Russian fish imports, removing Patriarch Kirill and Lukoil founder Vagit Alekperov from the sanctions list, and scaling back a proposed Schengen entry ban for Russian soldiers.