Reuters: Belarusian Banks And Defense Industry Under Attack
17- 14.07.2025, 21:07
- 21,694
The EU has almost agreed on the 18th package of sanctions.
It is noted that all elements of the package have already been agreed, but one of the member countries retains technical reservations about a new price ceiling on Russian oil.
Sources Reuters said on condition of anonymity that they expect the talks to conclude on July 14, ahead of a meeting of EU foreign ministers in Brussels where the package could be formally approved.
Reuters also writes that EU ambassadors have agreed to implement a dynamic price mechanism. On Friday, the European Commission proposed a floating ceiling on Russian oil prices - 15% below the average market price over the past three months.
"One source said the initial price would be around $47 a barrel, based on the average price of Russian crude over the past 22 weeks minus 15%. It was also decided to review the price every six months, rather than every three as previously proposed," Reuters reported.
Slovakia, which previously blocked the package's passage, is still waiting for assurances from the European Commission as it fears a phase-out of Russian gas supplies.
The EU's 18th package of sanctions is linked to Russia's invasion of Ukraine. The sanctions target Moscow's energy revenues, its banks and military industry. The package will also reportedly include a complete ban on transactions with Belarusian banking structures, which previously only affected Swift.
It is reported that additional sanctions were discussed against four banks, which have already fallen under the EU restrictions - Belarusbank, Belagroprombank, Belinvestbank and Bank Dabrabyt.
The new package of sanctions will also include four Belarusian companies working in the defense and military industry. The import of weapons from Belarus to the EU will be banned for the first time.
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