“We’re cutting the Kremlin’s war budget further, going after 105 more shadow fleet ships, their enablers, and limiting Russian banks’ access to funding. Nord Stream pipelines 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 stated.

Kallas also highlighted that, for the first time, the EU is sanctioning a maritime flag registry and Rosneft’s largest oil refinery in India.