https://www.taxtmi.com/news?id=49807 The EU's sanctions package lowers the oil price cap to just under the prior benchmark per barrel, bans transactions tied to the Nord Stream pipelines, and imposes a new import ban to prevent indirect crude exports via non-EU countries. It expands maritime restrictions on Russia's shadow fleet, blocking more vessels from European ports and transfers, and tightens banking-sector measures by adding foreign banks to sanctions lists, aiming to limit Russia's energy revenues and financial capacity to sustain military operations. en-us Fri, 18 Jul 2025 14:46:03 +0530 Fri, 18 Jul 2025 14:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=49807 The EU's sanctions package lowers the oil price cap to just under the prior benchmark per barrel, bans transactions tied to the Nord Stream pipelines, and imposes a new import ban to prevent indirect crude exports via non-EU countries. It expands maritime restrictions on Russia's shadow fleet, blocking more vessels from European ports and transfers, and tightens banking-sector measures by adding foreign banks to sanctions lists, aiming to limit Russia's energy revenues and financial capacity to sustain military operations. News - Fri, 18 Jul 2025 14:46:03 +0530 https://www.taxtmi.com/news?id=49807