EU Preparing More Russia Sanctions
The EU is preparing another package of Russia sanctions, European Commission President Ursula von der Leyen said on LinkedIn, including a measure that could lower the price cap on Russian oil from its current level of $60. The sanctions would specifically target "Russia's energy revenues, including Nord Stream infrastructure, Russia's banking sector" and would involve "lowering the crude oil price cap," the commission said.
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Von der Leyen's comments came after a meeting in Berlin with Sen. Lindsey Graham, R-S.C., where the two discussed coordinating sanctions against Russia. The commission said the EU sanctions would be "taken together with US measures" and will "sharply increase the joint impact of our sanctions."