The European Union has agreed to impose a 21st package of sanctions against Russia, aimed at limiting its oil revenue by setting a price cap of $44 per barrel. The decision, reached after weeks of negotiations, includes measures targeting Russian financial institutions, cryptocurrency transactions, and 'ghost fleet' oil tankers operating under false flags. Greece had initially resisted some provisions related to liquefied natural gas (LNG), but a compromise was reached allowing continued LNG exports to non-European customers if contracts were signed before February 24, 2022. The EU will review this exception annually.
Bias read (Progressive): The article frames the sanctions as a necessary and unified response to Russia's actions, emphasizing their impact on reducing Moscow's war funding. While it presents the negotiations as balanced, the focus on the effectiveness of sanctions and the inclusion of specific targeted measures (financial,





