Overview

• The package introduces a dynamic oil price cap that prices Russian crude at roughly $47.6 per barrel, set 15% below the global market average.
• Nord Stream 1 and 2 transactions are banned outright and the sanctions add 105 vessels to the shadow shipping fleet blacklist, raising the total beyond 400.
• All SWIFT transactions involving sanctioned Russian banks are now banned, with 22 additional banks added to the blacklist to deepen Russia’s financial isolation.
• The EU prohibits imports of refined petroleum products made from Russian crude in any third country except Norway, the UK, the US, Canada and Switzerland.
• Russia’s intensified drone and missile attacks have prompted NATO to scramble jets in Poland and led the US to reroute Patriot air-defense shipments through Germany.