The European Union is considering cutting more than 20 banks from SWIFT, the international payments system, as well as lowering a price cap on Russian oil and banning the Nord Stream gas pipelines as part of a new sanctions package that aims to increase pressure on Moscow to end its war against Ukraine.

The European Union has now targeted Moscow’s fleet of covert oil tankers and plans more restrictions, as the Trump administration’s approach to the war shifts.

The European Union adopted on Tuesday its 17th package of sanctions against Russia over its full-scale invasion of Ukraine in 2022.

The European Union and U.K. have imposed fresh sanctions on Russia, notably targeting almost scores of ships from the shadow fleet illicitly transporting oil to skirt Western restrictions imposed over the war on Ukraine.

Senate Republicans are warning Russia that they’re prepared to pass punishing sanctions if President Vladimir Putin refuses to engage in ceasefire negotiations with Ukraine or breaches an eventual agreement.

Britain announced wide-ranging new sanctions targeting Russia's military, energy and financial sectors on Tuesday, ramping up pressure on Moscow in coordination with the European Union, which announced parallel measures.

KYIV, Ukraine (AP) — Kyiv’s European allies slapped new sanctions Tuesday on Moscow, a day after a phone call between U.S. President Donald Trump and Russian President Vladimir Putin failed to produce a breakthrough on ending the 3-year-old war in Ukraine.