The EU agrees to more sanctions on Russia, with the commitment to cap the price of oil

The countries of the European Union have agreed this tuesday the eighth sanctions package against Russiawhich includes a commitment to set a ceiling on the price of Russian oil if the amount is agreed with the G-7 and other countries, in response to illegal annexation of four new Ukrainian territories.

“We have just reached a political agreement on new sanctions against Russia: a forceful EU response to the illegal annexation of Ukrainian territories by (Russian President Vladimir) Putin,” the statement said. Czech rotating presidency of the Council of the EU via Twitter.

The oil price cap It consists of allowing the transport of Russian oil and its derivatives worldwide only if Moscow can sell it at a price equal to or lower than the fixed price, in order to lower its income with which it can finance the war against Ukraine and limit its impact on the energy crisis. .

As several diplomatic sources have explained to EFE, the agreement, which has yet to be formally approved, has been reached after accepting the demands of Greece, Cyprus Y malt that the proposal will only be carried out if implemented by a broader coalition of countries, fearing that their carriers could lose market share to competitors.

Leaders of the four annexed regions

The G-7 already reached a political agreement in September to bump russian oil, at the expense of finalizing the measure in the coming months. The new round of sanctions it also prohibits European citizens from sitting on the boards of Russian public companies, in a package the EU has agreed to in response to the annexation of the Ukrainian regions of Donetsk, Lugansk, Zaporizhia and Jeron and the partial mobilization decreed by the President Vladimir Putin.

The Twenty sevenin fact, they have decided to sanction the leaders that Moscow has imposed on the four Ukrainian regions, as well as the intellectual Alexandr Dugin, whose daughter was murdered in August in a terrorist attack and who is one of the ideologues of the new Russian nationalism in the who is inspired Putin.

The EU will also include in the list Alan Lushnikov, the largest shareholder in Russian arms manufacturer JSC Kalashnikov Concern and artists or musicians who have participated in acts of Kremlin propaganda. The inclusion of the Russian company Alrosaone of the main producers of diamonds in the world.

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In addition, it will be penalized JSC Goznak companyresponsible, among other things, for printing the passports that Moscow distributes in the occupied regions of Donbas and to other companies related to the supply of weapons to the Russian army and one involved in nuclear research for civilian use.

The EU It will also veto the export of technology in the aviation, electronics and chemical substances sectors.

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