⛽ The lowered price cap on Russian oil, established by the EU’s 18th sanctions package, will come into effect on September 3, 2025. This was announced by Deputy Chief Spokesperson of the European Commission Arianna Podesta, according to Ukrinform.
Source: Gazeta.UA
🏦 Additionally, on August 8, another part of the sanctions package will be enforced — a ban on financial operations involving 22 additional Russian banks, further restricting russia’s access to the international financial system.
📉 Within the sanctions, the price cap on Russian oil has been reduced from $60 to $47.6 per barrel. An automatic and dynamic mechanism for setting future price limits has also been introduced — enabling swift responses to changing market conditions.
📅 Most provisions of the 18th sanctions package began to take effect in mid-July after approval by the EU Council. The new restrictions have already been called some of the toughest since the war began.
🇷🇺 The Kremlin has expressed outrage, particularly over international pressure on India, one of the largest buyers of Russian oil. In response, the EU is strengthening control over sanctions evasion.
🔒 Brussels’ new steps show an intent to minimize russia’s energy revenues, which finance its aggression against Ukraine.