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EU adopts 18th sanctions package to cripple Russia's war machine

EU adopts 18th sanctions package to cripple Russia's war machine

Brussels, July 18 (UNI) The European Union has reached an agreement on an 18th sanctions package against Russia over its war in Ukraine, targeting the banking, energy, and military-industrial sectors. It also includes a new dynamic oil price cap aimed at delivering further blows to Russia's oil and energy industry.
Ursula von der Leyen, President of the European Commission, said the sanctions will strike at the heart of Russia's war machine.
'Welcome the agreement on our 18th sanctions package against Russia. We are striking at the heart of Russia's war machine targeting its banking, energy, and military-industrial sectors, and including a new dynamic oil price cap. The pressure is on. It will stay on until Putin ends this war,' Ursula said in a post on X.
"EU just approved one of its strongest sanctions packages against Russia to date," said the EU's foreign policy chief Kaja Kallas on X.
"We will keep raising the costs so that stopping the aggression becomes the only path forward for Moscow," added Kallas.
The sanctions package also includes a ban on transactions related to Russia's Nord Stream gas pipelines and additional restrictions on Russia's financial sector.
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