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Markets

EU unveils new sanctions package on Russia, oil price cap

Published 9 June 2026

The European Union has proposed a wide-ranging new package of sanctions aimed at tightening financial and economic pressure on Russia over its war in Ukraine. Unveiled on June 9, 2026, by European Commission President Ursula von der Leyen, the 21st sanctions package since the 2022 invasion seeks to freeze a key price c...

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