European Commission President Ursula von der Leyen presented the 21st package of sanctions against Russia on Tuesday 9 June.
Energy. Emphasising that the conflict in the Middle East and disruptions to global energy supply chains had “somewhat eased” the pressure on Russia, Ursula von der Leyen proposed suspending the mechanism for adjusting the Russian oil price cap until next January. “This will give the oil markets time to stabilise, while maintaining pressure on Russian...