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Market Chatter: EU Reportedly Fails to Approve Sanctions Package Against Russia

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The European Union failed to adopt the 21st sanctions package against Russia following contention on three main points, Bloomberg News reported Tuesday, citing people familiar with the matter.

The main disagreements were reportedly over restrictions on the transport of Russian liquefied natural gas, measures affecting Austria's Raiffeisen Bank International (RBI.VI), and a proposal to keep the price cap on Russian crude until January 2027.

The European Commission did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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