Story perspectives

EU Reviews 21st Russia Sanctions, Delays Oil Cap Review

7/3/2026

Summary

Story summary

EU officials are reviewing a 21st sanctions package that targets Russia's military-industrial and financial sectors.
Kaja Kallas’s office proposed delaying the mid-July review of the $44-per-barrel Russian oil price cap, while Greece, Malta and Cyprus objected over shipping interests.
France and Italy raised concerns about barring Russian former combatants from the EU, noting that Ukrainian strikes and sanctions have disrupted fuel supplies in two-thirds of Russia’s 83 regions.

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Story summary

EU officials are reviewing a 21st sanctions package that targets Russia's military-industrial and financial sectors.
Kaja Kallas’s office proposed delaying the mid-July review of the $44-per-barrel Russian oil price cap, while Greece, Malta and Cyprus objected over shipping interests.
France and Italy raised concerns about barring Russian former combatants from the EU, noting that Ukrainian strikes and sanctions have disrupted fuel supplies in two-thirds of Russia’s 83 regions.