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EU adopts 21st sanctions package against Russia, targeting 32 banks and crypto firms

The European Union has formally adopted its 21st package of sanctions against Russia after previous rounds of ambassador-level talks failed to reach consensus. The package adds 32 Russian banks to the transaction ban list, along with crypto firms and oil trading platforms. The oil price cap adjustment has also been frozen for one year to prevent Russia from benefiting from market shocks. European Commission President Ursula von der Leyen said the measures "continue to weaken the economic foundations of Russia's war effort."

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