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EU fails to reach deal on 21st Russia sanctions package

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EU fails to reach deal on 21st Russia sanctions package

European Union envoys have not reached an agreement on a ​21st package of sanctions against Russia in ‌response to Russia's war with Ukraine, an EU diplomat said on Wednesday.

Axar.az reports, citing Reuters, that the diplomat added that EU ​envoys had agreed to keep a ​price cap on Russian oil unchanged ⁠at the current level of $44.10 per barrel ​until July 23 while discussions continued on ​that 21st package of sanctions.

The price cap, backed by the EU and Group of Seven allies, ​was redesigned last year to be more ​dynamic and track oil prices.

The EU's foreign policy chief, ‌Kaja ⁠Kallas, had already warned this week that EU countries had not yet agreed upon this broad 21st package of sanctions.

Lithuanian ​Foreign Minister ​Kestutis Budrys said ⁠EU countries were undecided on tightening restrictions on Russian liquefied ​natural gas.

The EU initially proposed this ​latest ⁠package of sanctions against Moscow in June with the aim of undermining banking in Russia.

The package ⁠targets ​Russia's banks and crypto ​networks as well as drone production, oil traders and refiners.

Date
2026.07.16 / 00:10
Author
Axar.az
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