European Union proposes new sanctions regime targeting Russian energy sector
- The European Commission introduced draft legislation on April 18 to impose stricter sanctions on Russian oil, gas, and refining infrastructure, aiming to reduce EU energy dependence by 35% within two years.
- The proposal includes price caps on Russian liquefied natural gas imports and expanded restrictions on third-party shipping companies, targeting the "shadow fleet" used to circumvent existing penalties.
- EU energy ministers debated the plan in Brussels, with Hungary and Slovakia expressing concerns about potential economic costs to their economies, though Germany and Poland voiced strong support.
- The measure requires unanimous EU approval by May 15; if adopted, it would mark the most comprehensive energy sanctions package since Russia's invasion of Ukraine.
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Guterres calls for stepping up diplomatic efforts to end US-Iran conflict
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