EU ambassadors agree on new oil sanctions against Russia

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EU ambassadors agree on new oil sanctions against Russia
EU ambassadors agree on new oil sanctions against Russia
5 October, 09:57PoliticsPhoto: Артур Салимов / Медиахолдинг1Mi
At a meeting held on October 4, EU ambassadors agreed on the eighth package of sanctions against Russia, which includes limiting the price of Russian oil.

As Kommersant notes with reference to Western media data, the final version of the document will be adopted on October 5.

The countries of the West intend to set the limit for prices for Russian oil in the near future. So far, the package of sanctions defines only the legal possibility for the introduction of such restrictions.

The discussion of the eighth package of sanctions against the Russian Federation caused objections from the diplomats of Malta, Greece and Cyprus. For these countries, the EU promised to make concessions. Hungary also opposes the introduction of a price ceiling, taking a defiantly pro-Russian position on many issues.

The adoption of the eighth package of sanctions against the Russian Federation was a response to the referendums held in the DPR, LPR and parts of the Kherson and Zaporozhye regions on joining Russia.

According to EU economists, the new package of sanctions will deprive Russia of income by at least another 7 billion euros. The purpose of Western sanctions is to use economic pressure to force Russia to end its military operation in Ukraine.

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