The latest restrictions include a twelve-month extension on the existing price cap for Russian oil. Simultaneously, the agreement introduces a one-year exemption for the transit of Russian liquefied natural gas to third countries, complete with provisions for automatic renewal. This compromise reflects a broader effort to maintain unity among the bloc’s twenty-seven members.
One diplomat noted that the consensus was built on a foundation of mutual support, specifically highlighting solidarity with Greece regarding its national interests. Technical teams are finalizing the legal language today, with a formal written procedure for adoption scheduled to launch this afternoon.
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