EU approves eight package of sanctions against Russia

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The European Union (EU) has agreed on the eighth package of sanctions against Russia, as it continues to punish Russia for its war in Ukraine.

The package puts price caps on Russian oil and expands restrictions on trade in goods and services with Russia.

The new sanctions upholds a ban on shipping Russian oil to third countries as of December 2022 and on shipping oil products of Russian origin from February 2022, as well as on the provision of transportation related financial and other services.









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