New Measures Tighten Pressure on Russia’s Energy and Finance Sectors
The European Union has adopted its 19th package of sanctions against Russia, escalating economic pressure over the ongoing war in Ukraine. The latest measures expand restrictions on Russian financial institutions, shipping operations, and technology exports. EU officials say the sanctions also target Moscow’s “shadow fleet” of tankers used to evade previous oil embargoes, as well as several cryptocurrency exchanges linked to sanctioned entities.
Ban on Russian LNG Marks Major Energy Shift
A key element of the new package is a phased ban on imports of Russian liquefied natural gas. The policy will prevent the signing of new LNG contracts immediately, while existing deals must wind down by early 2027. The decision accelerates the bloc’s effort to end its reliance on Russian fossil fuels and follows months of debate among member states over balancing energy security with punitive action.
Unanimous Agreement Reached After Slovak Objections Lifted
The sanctions were approved after Slovakia dropped its objections, allowing all 27 EU countries to reach consensus. European leaders described the agreement as a milestone in maintaining unity against Russian aggression and closing remaining loopholes in trade and energy cooperation. Officials said the measures are designed to ensure lasting economic pressure while safeguarding Europe’s transition toward alternative energy sources.
