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Global Business News

The Economic Times

Global Business / The Economic Times

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EU's new Russia sanctions: What's in the 21st package

The European Union has adopted its twenty-first sanctions package against Russia. This expands restrictions on banks, cryptocurrency networks, and oil trade significantly. The bloc also froze the Russian oil price cap for the next twelve months. New measures target Russia's military-industrial complex and dual-use goods. These actions aim to increase pressure on Russia over the war in Ukraine.

24 Jul 2026 5:31 pm