EU signs off on 21st package of sanctions against Russia – Europe live
The European Union has finalized its 21st package of sanctions against Russia after granting Greece a one-year exemption for transporting Russian LNG. The package includes measures against crypto firms and banks, as well as an extension of the Russian oil price cap.
Why it matters
This agreement highlights the ongoing internal diplomatic challenges within the EU regarding energy security and the enforcement of economic pressure on Russia.
After weeks of delay the EU has reached agreement on the latest package of sanctions against Russia , by handing a concession to Greece.
The Revithoussa LNG terminal near Athens, in Megara, Greece. The EU’s 27 ambassadors reached a political agreement on the 21st round of sanctions, an EU diplomat said, after a final round of talks on Thursday morning.
Talks wrapped up quickly on Thursday morning, after discussions described as “heated” on Wednesday , as Athens upheld its veto.
Greece has secured a one-year exemption from an earlier EU sanctions measure, enabling it to transport liquefied natural gas to non EU countries, as long as the contract was signed before Russia’s full-scale invasion . The carve out protects a large Greek shipping company, Dynagas , that specialised in transporting LNG from Russia’s Yamal fields.
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