Brussels, Belgium, July 18, 2025 (AFP) - EU, UK target Russian oil in tough new Ukraine war sanctions

NAMPA / AFP

2025-07-18

The European Union and Britain on Friday sought to ramp up economic pressure on Russia to halt the war in Ukraine by slashing a price cap meant to choke off revenues from key oil exports. The move from the EU was part of a sweeping new package of sanctions -- the bloc's 18th since the start of Russia's 2022 invasion -- that also took aim at Moscow's banking sector and military capabilities. The measures come as allies closely watch whether US Pre......

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