New Economic Measures Broaden Trade and Banking Restrictions
The European Union has agreed on its nineteenth sanctions package against Russia, tightening controls across financial, energy, and transport sectors. The new measures add several Russian banks and logistics firms to the sanctions list while stepping up oversight of vessels accused of evading oil-related restrictions. EU officials said the expanded package is designed to close enforcement gaps and further weaken Russia’s ability to finance its war in Ukraine.
Bloc Takes First Step Toward Cutting Russian LNG Supplies
A centerpiece of the sanctions is a ban on Russian liquefied natural gas imports, marking the first time the EU has targeted LNG directly. The rules prohibit new supply contracts and require all existing deals to conclude by early 2027. Officials described the decision as a pivotal move in reducing the bloc’s dependence on Russian energy and reinforcing its commitment to renewable alternatives and diversified global partnerships.
Slovakia’s Reversal Clears Path for Unanimous Agreement
The package received full backing after Slovakia lifted its opposition, allowing all 27 EU member states to approve the plan. European leaders hailed the outcome as a critical sign of unity in maintaining economic pressure on Moscow. The latest sanctions, they said, both strengthen the enforcement of existing measures and underscore the EU’s determination to secure long-term energy independence while sustaining support for Ukraine.
