The European Commission announced that the EU has approved the eighth package of sanctions against Russia, including capping the price of a barrel of Russian oil. The new package includes a 7 billion euro import ban on Russian goods, as well as a ban on exports to Russia of coal, electronic weapons components, military equipment, aviation equipment and chemicals, the European Commission said in a statement.

The new package also prohibits citizens of the Union from holding positions in the management bodies of state-owned companies in Russia, as well as a ban on all transactions with the Russian Maritime Register of Shipping. It also bans the provision of financial services, IT consulting and other business services to Russia, as well as a European ban on Russians owning (crypto) currencies. Sanctions will be imposed on people who help circumvent sanctions against Russia.