# EU Fails to Adopt Russian Sanctions and Freeze Oil Price Cap
The European Union has failed to adopt a new package of sanctions against Russia, which included provisions to freeze the oil price cap. The breakdown occurred during discussions among EU member states, preventing the adoption of measures that had been under consideration.
Two specific issues blocked consensus among member states. The first involved restrictions on the transport of Russian liquefied natural gas, and the second concerned measures targeting Austria's Raiffeisen Bank International. These disagreements prevented the broader sanctions package from moving forward, as EU decisions on foreign policy typically require unanimous approval from all member states.
The failure to adopt these sanctions represents a setback for coordinated EU action against Russia. The inability to freeze the oil price cap—a mechanism designed to limit Russia's revenues from energy exports—leaves that policy measure unchanged for the time being.
In-depth summary · AI, neutral