European Commission President von der Leyen said on social media on the 23rd that EU member states reached a political agreement on the 21st round of sanctions against Russia on the same day. Von der Leyen said that the new round of sanctions will add 32 Russian banks to the trading ban list, while also sanctioning related crypto asset companies and oil trading platforms. The EU will also suspend the dynamic price limit mechanism for Russian oil for one year to prevent Russia from benefiting from drastic fluctuations in international oil prices. Von der Leyen also said that for the first time, the EU will impose sanctions on ships providing assistance to Russia's “shadow fleet,” and is promoting a policy prohibiting Russian personnel who have participated in the war against Ukraine from entering the EU. According to reports, the above agreement still needs to complete technical work and go through written procedures to be formally approved. In June of this year, the European Commission proposed the 21st round of sanctions against Russia, focusing on the fields of energy, finance, and trade.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.