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After pushback, EU passes 18th Russia Sanctions Package

Estonia said it would block adoption of the EU’s 18th sanctions package on Russia if the price cap on Russian oil was not reduced to $45 per barrel from $60. Estonia differed from Cyprus and Malta, who allegedly said they wanted the requirement removed. But after several months of pushback, the EU passed the new package on July 17 with a $47.60 price cap.
The Hungarian and Slovakian governments also had their concerns over the oil and energy provisions that caused the European Parliament to adop...

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