Decision on 21st EU sanctions package against Russia postponed until July 23
By Louis de Briant ( July 16, 2026, 10:37 GMT | Insight) -- EU countries delayed a decision on freezing the Russian oil price cap until July 23 after failing to reach agreement on the bloc's 21st sanctions package. The proposal would suspend the cap's automatic adjustment mechanism while expanding sanctions against Russia's energy, financial and defense sectors.A decision on freezing the Russian oil price cap has been postponed until July 23, an EU diplomat said after officials from EU member states met Wednesday, following Monday's meeting of foreign ministers....
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