EU steps up sanctions

THE European Union yesterday agreed on a new raft of sanctions against Russia.

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The measures target Russia's shadow fleet of tankers, which it uses to evade an oil price cap, and will bring a phased ban on imports of liquefied natural gas, the Danish EU presidency has announced.

“Today is a good day for Europe and Ukraine,” Danish foreign minister Lars Lokke Rasmussen said, as EU leaders gathered for a summit in Brussels.

He said that the new sanctions “will introduce new and comprehensive measures on oil and gas, the shadow fleet and Russia's financial sector”.