The EU is to implement a price cap on Russian oil and widen the range of products covered by its export bans as part of new measures designed to inflict more pain on the Kremlin for escalating the war in Ukraine.
Brussels’ eighth package of sanctions against Moscow also includes a ban on EU individuals serving on boards of Russian state-owned enterprises and new measures targeting individuals involved in the war, European Commission president Ursula von der Leyen said on Wednesday.
Brussels will also extend legal grounds for asset freeze and export bans by adding sanctions evasion to the list of reasons for penalising individuals.
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