EU Unleashes Toughest Sanctions Yet on Russian Oil, Aiming to Cripple Kremlin’s War Chest

Liên minh châu Âu áp đặt các biện pháp trừng phạt nghiêm ngặt nhất đối với dầu mỏ Nga, nhằm vào việc làm suy yếu nguồn tài chính chiến tranh của Kremlin

The European Union has approved its 18th and most stringent sanctions package against Russia, targeting the country’s vital oil revenues in response to the ongoing war in Ukraine. Key measures include a significant lowering of the price cap on Russian crude, bans on transactions with additional Russian banks, and restrictions on Russia’s so-called 'shadow fleet' of oil tankers. The new sanctions are designed to further isolate Russia financially and disrupt its ability to fund the war, though analysts note that Russia has adapted to previous sanctions and continues to find buyers in countries like India and China. The package also impacts Indian refiners and global oil markets, with ripple effects expected for energy security and trade flows. Despite these efforts, questions remain about the overall effectiveness of the sanctions, as Russia’s economy has shown resilience and the global oil market adapts.