Europe's Sanction Ratchet: A Flicker of Unity Amidst Fragmentation The European Union has agreed on a new round of sanctions against Russia, which includes a price cap on Russian oil exports and targets Moscow's financial and crypto sectors.
This 21st iteration of EU sanctions demonstrates the bloc's ability to present a united front in the face of adversity – but also highlights its deep seated divisions.
The weeks long negotiations were marked by intense debates, with some member states expressing concerns about potential economic blowback from certain restrictions.