EU hits Russia with new sanctions, issues price cap on oil following Nord Stream 'sabotage'

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EU hits Russia with new sanctions, issues price cap on oil following Nord Stream 'sabotage'
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The European Union agreed to hit Moscow with another round of sanctions and issue a price cap on Russian oil exports in an attempt to target its war chest.

U.S. Army combat veteran Bryan Suits joined 'Kennedy' to weigh in on Russian forces retreating from one of its annexed regions and Ukrainian forces' gains.

"The package contains: Prohibition of maritime transport of Russian oil to third countries above the oil price cap and a ban on related services," the Czech Republic, which currently holds the rotating presidency, said in a statement posted to Twitter. The eight sanctions package is also set to expand stipulations on other Russian goods like cigarettes, steel products, paper, machinery and more.

The latest sanctions package was proposed last week by European Commission President Ursula von der Leyen after Russian President Vladimir Putin looked to annex four regions in Ukraine, escalated his nuclear rhetoric andDanish Defense shows the gas leaking at Nord Stream 2 seen from the Danish F-16 interceptor on Bornholm, Denmark on Sept. 27, 2022.

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