https://www.jurist.org/news/2025/06/eu-unveils-18th-sanction-package-against-russia/
> EU Foreign Policy Chief Kaja Kallas said that the current EU sanctions on Russia have been working, citing that the nation has lost “billions in oil revenues” and that “its economy is shrinking and GDP has dropped.” She explained that the EU hopes to work with the United States and the G7 to lower the price cap on Russian oil from $60 to $45 per barrel.
> lower the price cap on Russian oil from $60 to $45 per barrel.