The EU's new sanctions package strikes directly at Russia's war financing. Lowering the oil price cap per barrel and now targeting 400+ shadow fleet vessels cuts Moscow's revenues, while banning Russian banks and restricting dual-use technology shows European resolve. Despite initial resistance, this unified response demonstrates that collective action is an effective means of countering aggression.
The EU's next sanctions package is doomed to fail. Despite years of pressure, Russia remains the world's fourth-largest economy, widening its lead over Japan. New oil caps and banking restrictions mirror failed attempts that prompted Moscow workarounds. European unity comes at a cost to the energy security of member states, as seen in Slovakia's case.