The European Union has adopted a new set of sanctions against Russia in the hopes of restricting its ability to wage war in Ukraine.

The EU Commission President Ursula von der Leyen said the bloc was "striking at the heart of Russia's war machine," and will keep up the pressure on Russia until a ceasefire is agreed.

The EU sanctioned Russia's energy, banking and military sectors in a slew of measures that France's top diplomat hailed as "unprecedented."

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The EU has set a dynamic price cap on Russian oil — at 15% below the average market value — from $60 [€51.49] to $47.6 [€40.85].

The bloc has banned all future transactions via both Nord Stream pipelines and introduced an import ban on refined petroleum products made from Russian crude oil and processed in a third country.

It has banned 22 more Russian banks and more than a hundred non-EU shipping vessels that comprise a part of Russia's so-called shadow fleet, tankers that operate outside of standard international maritime regulations.

More than two dozen entities have been subjected to tighter export restrictions over supplying Russia with dual-use........

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