On July 24, 2026, the European Union announced the measures included in its 21st sanctions package against Russia. This package is designed to maintain economic pressure on the country amid ongoing geopolitical tensions.
Foreign Minister Margus Tsahkna emphasized that the oil price cap remains a critical component of the sanctions, aimed at limiting Russia's revenue from oil exports.
The EU's decision reflects its commitment to supporting international efforts to hold Russia accountable for its actions, while also addressing the broader implications for global energy markets.