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EU Weighs Temporary Freeze on Russia Oil Price Cap Over Iran

GenevaTimes by GenevaTimes
May 31, 2026
in Business
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Other measures under discussion for the new sanctions package include targeting more banks, oil traders, refineries and crypto operators in third countries used by Moscow to circumvent the bloc’s restrictions. As well, about 20 additional tankers would be sanctioned in the covert fleet of vessels that Russia depends on to move its oil, and eventually that regime would be extended to ships carrying liquefied natural gas, limiting the Kremlin’s ability to create a shadow fleet for LNG.

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