Hey fam! 🌍 The European Commission just dropped its 19th sanctions package on Russia, and it's a big one. Here's what you need to know:
- 🚫 LNG Ban: The EU plans to stop buying Russian liquefied natural gas (that's gas turned into a liquid to ship easily).
- 💰 Oil Price Cap: They're slapping a $47.6 per barrel limit on Russian crude – go above, and you're out.
- 🔌 Energy Giants Blocked: Rosneft and Gazpromneft get a full trading ban – no more deals with these big names.
- 🏦 Bank Restrictions: More bans on transactions with Russian banks – and not just in Europe. It's global.
- 💻 Crypto Included: New to this round – crypto platforms face restrictions too. Yup, digital coins aren't safe here.
Why it matters: By targeting Russia's cash flow, the EU hopes to ramp up pressure and push for change. For us in South and Southeast Asia, this could mean shifts in global energy markets – think fuel prices, import costs, and even how you trade crypto. 🚀
Next steps: All 27 EU members need to give a thumbs-up before this goes live. Stay tuned for the vote and how it might ripple through your wallet and your fave digital platforms. ✌️
Reference(s):
European Commission proposes 19th sanctions package on Russia
cgtn.com
