“Strength is the only language that Russia will understand.” That’s what European Commission President Ursula von der Leyen said Tuesday as she unveiled a proposed eighteenth European Union (EU) sanctions package against Russia for its war on Ukraine. Among the proposals are a ban on transactions with Russia’s Nord Stream gas pipelines, additional sanctions on more than twenty Russian banks, and a lowering of the oil price cap from sixty dollars to forty-five dollars. Approval for the package now rests with the twenty-seven EU member states, and some elements of the package, such as lowering the oil price cap, could prove contentious this coming weekend at the Group of Seven (G7) meeting in Canada.
Five questions (and expert answers) about the new EU sanctions plan for Nord Stream and Russian banks and oil (Atlantic Council)
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