Overview

• Slovakia lifted its veto after Brussels guaranteed gas imports, paving the way for the bloc’s toughest sanctions yet.
• The oil price cap on Russian crude was cut from $60 to $45 per barrel to deepen pressure on Moscow’s main revenue source.
• Transactions linked to the Nord Stream pipelines are banned to deny future earnings from those under-sea routes.
• The sanctions blacklist 105 additional shadow-fleet tankers and their enablers to seal off oil-smuggling loopholes.
• Financial measures now curb two Chinese banks and, for the first time, sanction a maritime flag registry alongside Rosneft’s largest refinery in India.