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 transaction bans. The package would also seek to keep

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 transaction 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.