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International Business Times
International Business Times
World

EU Targets Russian Oil In Tough New Ukraine War Sanctions

European Union Russia Oil Ukraine United States Kremlin Donald Trump Moscow G7 Kaja Kallas
EU foreign affairs chief Kaja Kallas said the bloc has imposed 'one of its toughest sanctions packages' on Russia (Credit: AFP)

The EU on Friday adopted a sweeping new package of sanctions on Russia over the Ukraine war, looking to pile more pressure on the Kremlin by lowering a price cap for Moscow's oil exports.

The 18th round of economic measures from Europe against Russia since its 2022 invasion comes as allies hope US President Donald Trump follows through on his threat to punish Moscow for stalling peace efforts.

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