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EU Imposes New Sanctions on Russian Energy Exports Amid Ukraine Conflict

Summary

The European Union announced fresh sanctions today targeting Russian energy exports, aiming to reduce dependency amid the ongoing Ukraine conflict. The measures include a phased ba

The European Union announced fresh sanctions today targeting Russian energy exports, aiming to reduce dependency amid the ongoing Ukraine conflict. The measures include a phased ban on Russian coal and a price cap on oil imports starting March 1, 2026. EU officials stated these steps are designed to pressure Moscow while minimizing economic fallout for member states. According to Bloomberg, Russia accounted for nearly 25% of the EU's oil imports last year. The sanctions follow coordinated actions by the US and UK, signaling a united front on energy trade restrictions.
2d ago
EU Imposes New Sanctions on Russian Energy Exports Amid Ukraine Conflict

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