EU lowers Russia oil cap and imposes new sanctions after Fico drops veto

By Yurii Stasiuk | 07/21/2025 07:02 AM EDT

Ukraine’s allies now want “crushing” U.S. measures to cripple Vladimir Putin’s war machine.

Viktor Orban speaks from a podium in front of several flags.

Slovakia Prime Minister Robert Fico signaled he would drop his veto in exchange for obtaining written guarantees from the Commission to mitigate potential energy price spikes. Zuzana Gogova/AFP via Getty Images

They got there in the end.

The EU will lower the price cap on Russian oil and impose additional sanctions on Moscow after Slovak Prime Minister Robert Fico dropped his opposition to the latest package.

“The EU just approved one of its strongest sanctions package against Russia to date,” the EU’s top diplomat, Kaja Kallas, wrote Friday morning on X.

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The approved measures restrict Russian banks’ access to transactions, target 105 “shadow fleet” ships used to evade sanctions and ban any transactions related to the Nord Stream pipelines.

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