EU agrees 18th sanctions package against Russia

The European Union reached an agreement on an 18th sanctions package against Russia over its war in Ukraine, with a raft of measures aimed at dealing further blows to Russia’s oil and energy industry.

Its latest sanctions package on Russia will lower the G7’s price cap for crude oil to $47.6 per barrel, diplomats told Reuters.

“The EU just approved one of its strongest sanctions package against Russia to date,”