: :inin Kyiv (EET)

The EU’s eighth package of sanctions against Russia: approaching the oil price cap

In response to Russia’s further aggression against Ukraine and the illegal annexation of its territories, on 6 October the European Union adopted its eighth package of sanctions. Its most important element is the announcement, agreed within the framework of the G7, that it will introduce a price cap on Russian oil exported by sea to third countries. This instrument provides for an exemption from the ban already introduced in the sixth package of EU restrictions concerning the handling of oil supplies from Russia to non-EU countries. …read more

Source:: Centre for Eastern Studies (Poland)


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