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EU to replace Russian oil price cap by complete ban of marine transportation — Bloomberg

The news agency said the proposal was backed by EU countries, which adopt sanction packages under the principle of unanimity

BRUSSELS, January 30. /TASS/. The European Union is going to abandon the price cap for Russian oil and substitute it in the 20th sanctions package by the complete ban on provision of services on seaborne oil transportation to Russia, Bloomberg reports, citing sources.

The ban will cover provision of financial, legal, insurance and other services to any carriers of Russian oil irrespective of its prices. The news agency said the proposal was backed by EU countries, which adopt sanction packages under the principle of unanimity.

The 20th package of anti-Russian sanctions is also reported to include new restrictions against Russian banks and oil companies and restrictions against financial institutions and industrial companies in third countries, suspected by Brussels in supporting Russian efforts to overcome the sanctions blockade.

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Eurasian Economic Union

Eurasian Economic Union to start free trade zone talks with four countries

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Russian troops liberate seven communities in Ukraine operation over week — top brass

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Russia will ensure rights of gas exporters if EU violates agreements — MFA

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Core demands, security guarantees: Lavrov's statements on talks on Ukraine

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Russia’s nuclear triad to gain new hypersonic component — expert

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Venezuelan-level betrayal should not be expected in Cuba — Russia's UN envoy

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Beijing emphasizes protection of Chinese, other nations’ interests in Venezuela — embassy

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Kremlin surprised by response to publishing list of foreigners denied entry to Russia

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Training of Russia’s Battlegroup East fighters based on interchangeability — instructor

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UN chief claims principle of self-determination does not apply to Crimea, Donbass

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EU, NATO countries preparing for 'inevitable' confrontation with Russia — senior diplomat

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West prepared battle in Ukraine in advance, planning Kiev’s accession to NATO — Lavrov

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Iranian military commander calls Iraq's measures to strengthen common border unprecedented

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