Escalation of EU Energy Sanctions: The Eighteenth and Nineteenth Packages
Third, a ban on the purchase and transportation of Russian oil and petroleum products to third countries was introduced if the contract price exceeds the established price cap. For a long time, this cap was set at $60 per barrel of crude oil. However, in 2025, the EU introduced a floating cap mechanism, which changes depending on the oil price. It is currently $47. Notably, Russia prohibits participation in transactions…

