The EU wants to cut off SWIFT for banks operating in Russia in the next sanctions package

Also, according to Bloomberg, lowering the price ceiling for Russian oil is being discussed. Experts doubt the effectiveness of such sanctions

The European Union is discussing the possibility of disconnecting more than 20 banks from SWIFT to increase pressure on Russia. This measure may be included in the new EU sanctions package, Bloomberg writes, citing sources. It is not specified whether this concerns Russian banks or banks in other countries.

Alexander Timofeev, Director of Financial Markets and Macroeconomics Analysis at Vostochnye Vorota Investment Company, comments:

Alexander Timofeev, Director of Financial Markets and Macroeconomics Analysis, Vostochnye Vorota Investment Company

According to Bloomberg, the EU may also lower the price cap on Russian oil. It is currently set at $60 per barrel. A proposal to lower the price cap to "about $45" is being discussed.

This will have almost no effect on revenues from Russian oil exports, says Igor Yushkov, a leading expert at the Financial University and the National Energy Security Fund:

Igor Yushkov, leading expert of the Financial University and the National Energy Security Fund

This week, the head of European diplomacy, Kaja Kallas, said that the main component of the 18th package would be energy measures , including sanctions against the blown-up Nord Streams. Earlier in May, the European Commission press service specified that the restrictions could consist of excluding the possibility of investing in the restoration of gas pipelines along the bottom of the Baltic Sea.