EU Backs Russia Sanctions Package Including Oil Price Cap
- Deal includes measures for countries with big shipping sector
- New package also targets range of individuals, entities
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The European Union backed a new package of sanctions against Russia that includes support for a price cap on oil sales to third countries.
The agreement includes measures to mitigate the impact the sanctions will have on countries with large shipping industries, such as Greece, Cyprus and Malta, according to people familiar with the matter who asked not to be identified because the discussions were private.