EU member states are racing to agree a new round of sanctions on Russia as a key deadline approaches that could affect a measure limiting Russia’s oil revenue. According to reports, EU diplomats and ambassadors are working to finalize the bloc’s 21st sanctions package, with the timing described as critical because the outcome of negotiations could influence a cap linked to Russian oil prices. The sources say that if the EU does not reach agreement before the deadline, an automatic adjustment could raise the oil price cap. That change would potentially allow Russian oil exports to generate more revenue for Moscow. The reporting also describes ongoing disagreements among member states about the terms of the new sanctions package, which is contributing to the urgency. Both accounts frame the negotiations as focused on strengthening EU restrictions on Russia while trying to prevent the scheduled change that would otherwise weaken the oil-related revenue suppression measure. The EU’s efforts therefore centre on completing the sanctions decision-making process before the deadline and aligning member states on the next package’s details.