EU targets Russian banks in new sanctions package over Ukraine war

European Union envoys agreed on a 21st sanctions package against Russia over its war in Ukraine, imposing curbs on its banking sector while also finding a compromise with Greece to soften restrictions on Russian LNG, EU diplomats said on Thursday.

The package, which the EU said was its biggest for four years, granted a one-year exemption with automatic renewal allowing EU companies to transfer Russian liquefied natural gas to third countries, after demands from Greece. Sanctions require...