Ukrainian President Volodymyr Zelensky has hailed the EU's new round of sanctions on Russia as "essential and timely", as Moscow intensifies strikes after invading his country almost three-and-a-half years ago.

The EU on Friday adopted a sweeping new package of sanctions on Russia over the Ukraine war, looking to pile more pressure on the Kremlin by lowering a price cap for Moscow's oil exports.

EU sanctions on Russia include new banking restrictions and lower oil price cap, impacting Russian crude oil exports to India.

EU policymakers on Friday signaled that the price at which non-G7 countries could purchase Russian crude and access G7 logistics services has been lowered.

The European Union has approved its latest sanctions package, the 18th since the full-scale Russian invasion of Ukraine over three years ago, including a key price cap on Russian oil exports.

The European Union has imposed its 18th package of sanctions against Russia over its war in Ukraine.

BRUSSELS: The European Union and Britain announced fresh sanctions on Friday (Jul 18) targeting Russia’s oil revenue, banking sector and military capacity, aiming to intensify pressure on Moscow to end it

EU approves strong sanctions against Russia, including lowering price cap on oil exports, to support Ukraine and weaken Russia.

The European Union and Britain are ramping up pressure on Russia over its war on Ukraine.

The European Union approved on Friday a new raft of sanctions against Russia over its war on Ukraine, including a lower oil price cap, a ban on transactions with Nord Stream gas pipelines, and the targeting of more shadow fleet ships, EU foreign policy chief Kaja Kallas said. Kallas said the EU move amounts to “one of its strongest sanctions packages against Russia to date” linked to the war, which is now in its fourth year.

Ukraine’s allies now want “crushing” U.S. measures to cripple Vladimir Putin’s war machine.