The EU also targeted the Nord Stream pipelines between Russia and Germany to prevent Putin from generating any revenue from them in future, notably by discouraging would-be investors. Russian energy giant Rosneft’s refinery in India was hit as well.

The E.U. approved plans to lower a price cap on Russian oil and ban transactions with 22 more Russian banks, pressing ahead with sanctions without the U.S.

Here are the details of the European Union's 18th package of sanctions against Russia over its war in Ukraine, approved on Friday and aimed at dealing further blows to Russia's oil and energy industry.