EU adopts its 18th sanctions package against Russia, tightening oil price caps and export controls, blocking key banks, and targeting shadow fleet vessels and entities supporting the war in Ukraine

The new measures focus on five building blocks: cutting Russia’s energy revenues, hitting Russia’s banking sector, further weakening its military-industrial complex, strengthening anti-circumvention measures, and holding Russia accountable for its crimes against Ukrainian children and cultural heritage. With this package, the number of listed vessels in Russia’s shadow fleet…