EU approves 18th package of sanctions against Russia

"We are further trimming the Kremlin's budget to finance the war by listing 105 more "shadow fleet" vessels and those who facilitate them, and restricting Russian banks' access to financing. "Nord Stream will be banned. It is also a lower oil price ceiling," said Kaja Kallass, the European Union's chief diplomat.

The sanctions package will provide additional pressure on Russia's military-industrial complex, Chinese banks that help Russian Federation circumvent sanctions, and additional obstacles to Russia importing components used in military UAVs.

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"This is the first time we have penalized a maritime registrar and Rosneft's largest refining facility in India with sanctions. In addition, our sanctions hit those involved in imposing ideology on Ukrainian children," she added.

The EU is set to further increase pressure on Russia to stop aggression is the only possible way out for Moscow.

Photo: rossmi.

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