The European Union has approved its latest sanctions package, the 18th since the full-scale Russian invasion of Ukraine over three years ago, including a key price cap on Russian oil exports.
"We are striking at the heart of Russia's war machine. Targeting its banking, energy and military-industrial sectors and including a new dynamic oil price cap. The pressure is on. It will stay on until Putin ends this war,"saidEuropean Commission President Ursula von der Leyen.
Details of the oil price cap were not immediately disclosed, but Reuters quoted a diplomats as saying the sanctions package will lower the G7's price cap for Russian crude oil to $47.6 per barrel.
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