EU 21st Russia sanctions package

EU ambassadors are meeting to negotiate a 21st package of sanctions against Russia over its invasion of Ukraine. The package targets Russia's banking sector, listing about 215 individuals and entities including 94 financial institutions, aiming to squeeze Moscow's financial system. Greece has become the main obstacle, objecting to planned restrictions on Russian LNG supplies, arguing a transfer ban would shift market share outside Europe without impacting Russian revenues. The International — European Commission also proposed freezing the oil price cap at $44.10 a barrel for six months. EU diplomats hope to reach a compromise with Greece to pass the package.