
EU pushes ahead with sanctions on Russia amid Bulgarian veto threats and oil-cap deadline
The EU’s 21st sanctions package on Russia faces major hurdles including Bulgaria’s opposition and a looming July 15 deadline to avoid an automatic rewrite of the seaborne oil price cap. Negotiators are weighing keeping the cap at $44 per barrel until January 2027 or delaying the review, while also debating LNG restrictions and fish imports. Bulgaria’s objections extend to proposed sanctions on Patriarch Kirill and Lukoil’s Vagit Alekperov due to domestic concerns, complicating talks as the Irish presidency takes over and bids to reach a deal.













