The Hindu·4 min read·medium
EU locks in oil price cap in new Russia sanctions
A
AFP
✦AI Summary
The European Union has finalized its 21st round of sanctions against Russia, which includes maintaining an oil price cap at $44. The agreement followed weeks of negotiations and includes exemptions for certain shipping firms and specific commodities.
European Union countries on Thursday (July 23, 2026) agreed a new, watered-down round of sanctions on Russia over the Ukraine war after weeks of haggling, freezing the level of an oil price cap.
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