Multinational sanctions on importing or paying for Russian petroleum products aim to limit Moscow's revenue, and therefore its ability to fund its nearly year-old war in Ukraine.
The US military aid announced on Friday included rockets known as Ground Launched Small Diameter Bombs , whose 151km range would put all of Russia's supply lines in eastern Ukraine within reach, as well as part of the Crimea peninsula, also seized by Moscow in 2014.
The package, which the EU is preparing for the anniversary of the invasion, is set to fall short of some of Ukraine's demands, and Kyiv's ambition to join the EU may take longer than it would like. The coalition imposing the measures, the Group of Seven economies, the EU and Australia, set the new price caps at $US100 per barrel on products that trade at a premium to crude, principally diesel, and $45 per barrel for products that trade at a discount, such as fuel oil and naphtha.
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