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EU Targets Russian Oil, Banks and Crypto in 21st Sanctions Package. Here’s What We Know — UNITED24 Media

EU Targets Russian Oil, Banks and Crypto in 21st Sanctions Package. Here’s What We Know — UNITED24 Media

The European Commission presented a new package of restrictive measures against Russia on, June 9, with the 21st sanctions package focusing on energy, financial services, cryptocurrencies, trade, and fisheries.

According to European Commission President Ursula von der Leyen, the proposed measures target sectors deemed to have the highest impact on Russia’s war economy, as reported by European Pravda correspondent.

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The package must now be reviewed and unanimously approved by the Council of the European Union.

Oil price cap and revenue restrictions

A key focus of the sanctions is limiting Russia’s energy revenues, particularly oil exports….

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