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EU to tackle Russian sanctions ‘busting’ as lawmakers call for tighter enforcement

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The EU has pledged to clamp down on circumvention of the G7 oil price cap on Russian oil exports and other sanctions measures against Moscow, as EU lawyers reiterated calls for a complete closure of the EU market for Russian-origin fossil fuels and NGOs said Lukoil may be skirting the oil curbs in Bulgaria. The EU is shortly expected to roll out a 12th Russian sanctions package set to include actions to tighten the G7’s $60/b “price cap” on Russian crude exports, European Commission President Ursula von der Leyen has said.

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