The EU pushes forward with its 21st round of sanctions targeting Russia’s banking sector, aiming to squeeze Moscow’s finances despite loopholes through crypto and smaller lenders. Greece stands firm against a proposed LNG ban, warning it won’t dent Russia’s revenue and could hurt Greece’s vital LNG carrier industry. Hungary’s past resistance is gone, but unity remains fragile as the bloc scrambles to plug gaps Russia might exploit. Intelligence warns banking strikes could trigger economic shockwaves in Russia, which dismisses the threat. Meanwhile, the EU extends its oil price cap at $44.10 per barrel for six months to buy time for broader consensus — a move that could actually boost Moscow’s earnings if lifted.

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