Brussels, July 18 -- The European Union on Friday approved its 18th round of sanctions against Russia, calling it one of the "strongest" moves so far to reduce Moscow's ability to continue its war in Ukraine. The new sanctions package directly targets Russia's energy, banking and defence industries, according to a statement by EU High Representative Kaja Kallas.

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

https://x.com/kajakallas/status/1946092888221241797

As part of the new measures, the EU has also dec...