Refinitiv reported EU diplomatic sources saying the EU plans to propose on
Wednesday a 21st sanctions package aimed at Russia’s banking sector to raise the
risk of a banking crisis and pressure Moscow toward peace talks. The proposal
could add up to 90 banks; if approved, sanctioned banks would exceed 100 and
account for more than 50% of Russia’s internationally active credit
institutions. Measures would include asset freezes, travel bans and transactions
bans. The package would also seek to keep the Russian oil price cap at $44.10
per barrel for six months and tighten restrictions on the shadow fleet.
