EU unveils 18th sanctions package on Russia, targets oil revenues, nord streams, shadow fleet

The European Union has announced its 18th sanctions package against Russia, targeting Nord Stream transactions, lowering the oil price cap to $45, and blacklisting 77 more ships in Moscow’s shadow fleet. EU Commission President Ursula von der Leyen said the new measures aim to pressure Russia into a real cease-fire in Ukraine. The package also hits Russian banks and energy revenues, with support expected from the upcoming G7 summit. As peace talks stall and sanctions deepen, EU leaders say every step weakens Russia’s war effort. U.S. Senator Lindsey Graham is pushing for parallel sanctions