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EU Agrees to Another Russia Sanctions Package

The EU on Oct. 5 approved a new sanctions package to target Russia for its war in Ukraine, European Commission President Ursula von der Leyen announced. The sanctions, which will take effect once they are published in the Official Journal…

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of the EU, include a price cap on Russian oil and additional designations against Russian government officials (see 2209290025). The EU also will impose more trade restrictions on steel and technology products, Reuters reported.