Daily Memo: EU to Tighten Restrictions on Russia

If passed, it will be the 18th package of sanctions against Moscow since the war in Ukraine began.

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More sanctions. The European Commission is expected to propose on Tuesday a new set of measures targeting Russia, including slashing the price cap for Russian oil exports and banning the use of the Nord Stream infrastructure. The package would lower the price at which Russian oil can be sold from $60 per barrel to $45. […]

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