- Jul 24
EU adopts 21st Russia sanctions package, freezing oil cap at $44 and granting Greek LNG shipping exception
EU ambassadors agreed on the 21st sanctions package against Russia on 23 July, freezing the oil price cap at $44 per barrel and granting Greece a one-year exception for LNG shipments to non-EU countries.
- Jul 23
EU adopts 21st sanctions package against Russia, targeting banks, shadow fleet and oil price cap
The package extends the $44/barrel oil price cap, blacklists 32 more banks, and for the first time targets vessels aiding Russia's shadow fleet, while a last-minute Greek LNG exemption unlocked the deal.
- Jul 23
EU approves 21st sanctions package against Russia, freezes oil price cap at $44.10 after Greek shipping exemption
After weeks of wrangling, EU ambassadors agreed to freeze the oil price cap at $44.10 per barrel for 12 months, add 32 Russian banks to the transaction ban, and target the shadow fleet, but watered down LNG transport restrictions to satisfy Athens.
