sanctions package
Coverage of sanctions package in the Nexus archive.
- Greece derails EU’s Russia sanctions plan
Greece blocked a proposed EU sanctions package against Russia to protect its fuel shipping industry, causing the EU to fail in reaching a deal on new energy and trade measures. The disagreement centers on a ban on EU companies shipping Russian gas to third countries, with Greece arguing the restriction would lead to ships re-registering abroad.
- EU Scrambles to Seal New Russia Sanctions as Deadline Looms
EU ambassadors are finalizing the bloc’s 21st sanctions package against Russia ahead of a critical oil price cap deadline. Failure to agree could automatically raise the cap, increasing Moscow’s oil export revenues amid member state disagreements.
- EU agrees to unblock €90bn loan for Ukraine after Hungary lifts veto
The EU has agreed to unblock a €90bn loan for Ukraine after Hungary lifted its veto, following Ukraine's resumption of Russian oil shipments to Hungary and Slovakia. Cyprus, holding the EU's rotating presidency, confirmed written procedures for final approval of the loan and new sanctions against Russia by Thursday.