The European Commission has rolled out its 19th sanctions package against Russia, doubling down on energy and financial sectors in a bid to curb Moscow’s war efforts. Announced by European Commission President Ursula von der Leyen, the proposal aims to “turn up the heat” on Russia’s economy while closing loopholes in existing measures. 🔥
⚡ Energy Sector Crackdown
The EU plans to ban imports of Russian liquefied natural gas (LNG) and slash the price cap on Russian crude oil to $47.6 per barrel. Major energy players like Rosneft and Gazpromneft face a full trading ban, squeezing Russia’s ability to fund its military operations. 💸
💳 Financial Freeze Expands
Banks in Russia and third countries will see stricter transaction bans, while cryptocurrency platforms are now included in sanctions for the first time. This move targets digital loopholes used to bypass traditional financial restrictions. 🚫
🔄 What’s Next?
All 27 EU member states must unanimously approve the package—a hurdle that’s sparked debates in past rounds. Will this “sanctions sequel” get the green light? Stay tuned. 🎬
