EU Approves Sweeping New Sanctions on Russia
The European Union on Thursday adopted its 18th sanctions package against Russia, delivering one of the most far-reaching economic blows since the start of Moscow’s full-scale invasion of Ukraine in 2022. The package, which includes tighter enforcement of the oil price cap, new restrictions on financial institutions, and a ban on hundreds of shadow tankers, underscores the bloc’s resolve to weaken Russia’s economic foundation.