Oil edges higher after EU new sanctions on Russia
Oil prices edged higher on Friday, heading for a small weekly loss, as investors weighed new European Union sanctions against Russia.
Oil prices edged higher on Friday, heading for a small weekly loss, as investors weighed new European Union sanctions against Russia.
The European Union on Tuesday imposed new sanctions targeting individuals and entities in Iran and Russia for human rights violations and hybrid threats, while also listing actors in Moldova and Haiti for destabilising activities.
European Union countries are close to reaching an agreement on a new package of sanctions against Russia, the bloc's foreign policy chief Kaja Kallas said on Tuesday.
Norway has listed two Russian fishing companies, Norebo JSC and Murman Seafood, in line with European Union sanctions adopted on 20th May. The Norwegian government stated that the decision supports the country’s broader security policy objectives.
The EU today officially agreed to extend sectoral sanctions on Russia, EU High Representative for Foreign Affairs and Security Policy Kaja Kallas announced via X.
Italy has frozen Russian oligarchs' assets worth €2.3 billion ($2.6 billion) since the 2022 Ukraine invasion, as part of European Union sanctions, with additional seizures targeting Iranian-linked companies accused of aiding Moscow.
Switzerland is aligning with the European Union's 17th sanctions package by adopting the listed measures in response to Russia's continued aggression against Ukraine. Measures came into force on June 3.
People in Damascus expressed relief and cautious optimism on Tuesday night after the European Union announced it would lift economic sanctions on Syria, following a similar decision by the United States last week.
The European Council decided on Monday to impose restrictive measures on an additional seven individuals and two entities responsible for serious human rights violations in Iran, including for the use of the judiciary as a tool for arbitrary detention.
EU Council has extended the restrictive measures targeting those responsible for undermining or threatening the territorial integrity, sovereignty and independence of Ukraine for another six months, until 15 September 2025.
The Council of the European Union has decided today to suspend a number of restrictive measures in view of the situation in Syria, with the aim to support an inclusive political transition in Syria, and its swift economic recovery, reconstruction, and stabilisation.
EU envoys on Wednesday agreed on a 16th package of sanctions against Russia, EU diplomats said, including a ban on primary aluminium imports, sales of gaming consoles and the listing of 73 shadow fleet vessels.
The European Union is considering lifting certain sanctions in Syria to improve humanitarian aid delivery and support recovery efforts, following the U.S.'s recent sanctions exemptions to ease assistance after Bashar al-Assad's rule.
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