Key facts
- The EU has proposed its 21st sanctions package against Russia.
- The package includes a proposed entry ban for Russian soldiers.
- It also proposes freezing the adjustment mechanism in the oil price cap on Russian crude.
- The freeze aims to prevent the cap from rising with global benchmarks.
- The energy import pricing mechanism freeze is proposed to last until the end of 2026.
The European Union has put forward its 21st package of sanctions targeting Russia, aiming to increase economic pressure. The proposed measures include an entry ban for Russian soldiers. Additionally, the EU plans to freeze the current pricing mechanism for Russian energy imports, a measure intended to remain in effect until the conclusion of 2026. European Commission President Ursula von der Leyen stated that this freeze is designed to prevent the oil price cap from rising in line with global benchmarks.