The European Union has approved a powerful new set of sanctions against Russia, banning imports from the Nord Stream pipelines and tightening limits on oil exports.

"We are standing firm. The EU just approved one of its strongest sanctions package against Russia to date," Kaja Kallas said on X.

"Nord Stream pipelines (imports) will be banned. A lower oil price cap. We are putting more pressure on Russia’s military industry, Chinese banks that enables sanctions evasion, and blocking tech exports used in drones," she added.

The package also includes restrictions on Chinese banks aiding sanctions evasion, blocks access to global finance for Russian banks, and blacklists 105 vessels.

"We’re cutting the Kremlin’s war budget further," she said, referring to the Russia-Ukraine war, which spurred most EU sanctions on Moscow.

Kallas also revealed that the EU is, for the first time, designating a foreign flag registry and imposing sanctions on India’s largest refinery, which is owned by the Russian company Rosneft.

“We will keep raising the costs, so stopping the aggression becomes the only path forward for Moscow," she added.

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