The European Union received €1.4 billion in windfall profits generated by the interest on the cash balances originating from immobilised assets of the Russian Central Bank, held by central securities depositories.
The European Union starts applying a new automatic and dynamic mechanism for price adaptation of the Oil Price Cap for Russian crude for the first time from 15 January.
The EU Council and Parliament have agreed to ban imports of Russian natural gas from entry into force in early 2026 of the Regulation for spot-market liquefied natural gas (LNG), with a ban for pipeline gas from September 2027.
The EU Council has adopted an 18th package of economic and individual restrictive measures hitting hard on Russia’s energy, banking and military sectors, as well as trade with the EU.
The EU Council has adopted a new set of sanctions on Russia, to increase the cost for Russia to continue its war, adding pressure on its already strained and fragile economy.
The EU adopted a new wide-ranging package of economic and individual restrictive measures against Russia, three years after Russia began its full-scale invasion and war of aggression against Ukraine.
Estonia, Latvia and Lithuania successfully integrated into the EU internal energy market Sunday, becoming fully independent from Russia’s and Belarus’s electricity systems.
