The cap on the prices of Russian refined petroleum products transported by sea marks a new stage in the sanctions imposed on the Kremlin by the European Union and the member states of the G7. At the beginning of December 2022, the EU had already put in place a cap on the price of a barrel of crude oil, one of Europe’s main responses to the Russian invasion of Ukraine.
Russia condemns these sanctions
Today, Russia is paying a heavy price, as our sanctions are weakening its economy and sending it back a generation, said Ursula von der Leyen, the President of the European Commission. For its part, Russia condemns these sanctions. The agreement must be implemented from Sunday 5 February. The West has also promised Ukrainian President Volodymyr Zelensky to provide him with longer-range weapons.
