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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The Munich Security Conference concludes on Sunday (15 February) with discussions centred on Europe’s role in an increasingly unstable global landscape, including security coordination, economic competitiveness and the protection of democratic values.
Iran’s Foreign Minister Abbas Araghchi denounced the European Union's designation of the Islamic Revolution Guards Corps (IRGC) as a terrorist organisation as “another major strategic mistake” and “PR stunt.”
Diplomatic efforts to end the war in Ukraine remain stalled after talks in Abu Dhabi ended without an agreement. Moscow has since ruled out dialogue with the EU’s top diplomat.
World leaders and organisations have responded strongly to the United States’ military operation in Venezuela that resulted in the capture and departure of President Nicolás Maduro. Many condemn the action as a breach of international law and calling for restraint and peaceful resolution.
A seven-month-old Japanese macaque has drawn international attention after forming an unusual bond with a stuffed orangutan toy after being rejected by its mother.
Divers have recovered the bodies of seven Chinese tourists and a Russian driver after their minibus broke through the ice of on Lake Baikal in Russia, authorities said.
Iran announced on Saturday (21 February) that it has designated the naval and air forces of European Union member states as “terrorist entities” in a reciprocal move after the EU blacklisted the Islamic Revolutionary Guard Corps (IRGC).
Pakistan said it carried out cross-border strikes on militant targets inside Afghanistan after blaming a series of recent suicide bombings, including attacks during the holy month of Ramadan, on fighters it said were operating from Afghan territory.
Italy said a fond farewell to the Winter Olympics on Sunday with an open-air ceremony in the ancient Verona Arena that celebrated art and sporting achievement at a Games lauded as a model for how to stage such events.
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Australian Prime Minister Anthony Albanese has written to British Prime Minister Keir Starmer to say he would back any UK government plan to remove Andrew Mountbatten-Windsor from the line of succession, a statement shared by Starmer's office said.
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