The European Union has agreed on an 18th sanctions package targeting Russia, aimed at further reducing Moscow’s income from the export of oil to non-EU countries. The measures are part of an ongoing effort to pressure Russia economically, following a series of previous sanctions that have already imposed significant financial strain on the Russian economy.
The latest package includes additional restrictions on the export of oil, with a focus on curbing the flow of Russian crude to countries outside the EU. This is seen as a way to deprive Russia of potential revenue and limit its ability to fund military operations in Ukraine. The EU’s decision reflects its continued commitment to isolating Russia economically and holding it accountable for its actions in the region.
Analysts suggest that the new measures could have a significant impact on Russia’s economy, potentially leading to further inflation and a decline in living standards for its citizens. The EU’s coordinated approach underscores the bloc’s determination to maintain pressure on Russia despite the challenges posed by the ongoing conflict.