The European Union has unveiled its 21st sanctions package targeting Russia. According to EU Commission President Ursula von der Leyen, the measures include steps designed to limit Russia’s revenue from oil sales, notably through an adjustment to the oil price cap.
Financial sector sanctions are also being expanded, with prohibitions on transactions now being extended to 31 additional Russian banks. Furthermore, the EU is introducing the potential for a blanket ban on crypto-asset services in third countries. In maritime measures, an additional 30 ships belonging to Russia’s “Shadow Fleet” will be sanctioned. Regarding trade, the package proposes new export restrictions on militarily used technologies, alongside import bans on certain goods.
Von der Leyen emphasized the EU’s unwavering support for Ukraine, affirming that the European Union will continue to back Ukraine as it progresses toward becoming a full member.
