Hey amigos! The European Commission just dropped its 19th sanctions package on Russia, and it's a power move in the energy and finance game. 🌍⚡
President Ursula von der Leyen announced on Friday that the EU is aiming to cut off key revenue streams for Russia by:
- Banning imports of Russian liquefied natural gas ❌
- Setting a $47.6 per barrel cap on Russian crude oil 💸
- Fully banning trade with Rosneft and Gazpromneft 🛢️
- Expanding transaction bans on banks in Russia and beyond 🏦
- Including cryptocurrency platforms in the sanctions for the first time 💻
But here's the deal: all 27 EU member states must unanimously approve this package before it hits the ground—like waiting for your squad's green light. 🗳️
Why it matters? Russia's energy exports have been a major cash source for its economy, and tapping into crypto has helped it sidestep traditional finance controls. This move ramps up pressure and shows the EU isn't holding back. 💥
Stay tuned, because this global energy drama is far from over, and we'll keep you posted on every twist and turn! ✨
Reference(s):
European Commission proposes 19th sanctions package on Russia
cgtn.com
