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.
"We hope to reach a political agreement on the 18th sanctions package. We are very, very close. I hope it comes today," Kallas said before a meeting with foreign affairs ministers from the 27 EU countries in Brussels.
Sources told Reuters on Monday that all the elements of the package had been agreed, although one member state still had a reservation about a proposed lower price cap on Russian oil.
"It's alive," Kallas said when asked about the price cap.
"We have made proposals, but it is a question of whether we can overcome the veto of one member state or not. But we are trying to work on that."
The European Commission last month proposed the 18th package of sanctions against Russia for its invasion of Ukraine, aimed at Moscow's energy revenue, its banks and its military industry.
The new package proposes banning transactions with Russia's Nord Stream gas pipelines, as well as banks that engage in sanctions circumvention.
It also proposes a floating price cap on Russian oil of 15% below the average market price of crude in the previous three months, EU diplomats have said.
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European Union foreign policy chief Kaja Kallas said it could be a 'pivotal week' for diplomacy on Ukraine as she arrived at an EU defence ministers meeting in Brussels on Monday (1 December).
Kaja Kallas says Türkiye's ties with the European Union are vital for the bloc, despite ongoing membership talks.
Kaja Kallas, the EU’s foreign policy chief, has condemned recent Russian airspace violations, insisting that “every country has the right to defend itself.” She also cautioned Iran that time is running out to meet EU demands and stop a return of UN sanctions under the snapback mechanism.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
Kyiv has escalated its naval campaign against Moscow’s economic lifelines, claiming a successful strike on a vessel suspected of skirting international sanctions within the Black Sea.
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Türkiye’s Trade Minister Omer Bolat said Friday that discussions in Washington with U.S. officials have strengthened efforts to expand bilateral trade, moving closer to a $100 billion target.
Türkiye’s President Recep Tayyip Erdoğan and Pakistani Prime Minister Shahbaz Sharif held talks on Friday during the International Peace and Trust Forum in Ashgabat, Turkmenistan, focusing on bilateral relations as well as regional and global issues
Hungary has strongly criticised NATO Secretary-General Mark Rutte’s warning that Russia could be capable of attacking the alliance within five years, with Foreign Minister Péter Szijjártó describing the remarks as irresponsible and dangerous.
Thailand and Cambodia have agreed to halt all shooting from Friday evening following renewed fighting along their shared border, U.S. President Donald Trump said on Friday.
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