EU unveils 19th sanctions package against Russia targeting energy, banking, and crypto

The European Union (EU) has announced its 19th sanctions package against Russia, focusing on the energy, banking, and cryptocurrency sectors. The new measures include a ban on Russian liquefied natural gas (LNG) imports and the establishment of a $47.6 price cap on oil.

Additionally, the sanctions target 118 ships associated with Russia"s shadow fleet, and impose asset freezes on major Russian energy companies Rosneft and Gazpromneft. The package also includes restrictions on cryptocurrency transactions and foreign banks that have connections to Russia.

This latest round of sanctions reflects the EU"s ongoing efforts to respond to Russia"s actions and to limit its economic capabilities. For further context on related international developments, see recent developments in Lithuania"s energy policies.