Slovakia officially lifted its veto yesterday, clearing the way for a sweeping new EU sanctions package against Russia.

Key measures include:
• 22 additional Russian banks added to the sanctions list
• Sanctions on the Russian Direct Investment Fund and its subsidiaries
• Legal closure of the Nord Stream pipelines
• A reduced price cap on Russian crude oil, now set at 15% below the global average—lowering the cap from $60 to $47.60 per barrel
• 105 Russian shadow fleet vessels sanctioned
• Sanctions targeting Chinese banks involved in helping Russia evade existing restrictions
• Expanded tech export bans
• Sanctions targeting Rosneft operations in India

This marks one of the most comprehensive EU sanctions packages to date, intensifying pressure on Russia’s economy and global partners.