Brussels – The European Union is contemplating a new sanctions package targeting approximately six Russian banks and energy firms as part of its continued effort to pressure Russian President Vladimir Putin to end hostilities in Ukraine, reports 24brussels.
The proposed restrictions may extend to Russia’s payment and credit card systems, cryptocurrency exchanges, and additional limitations on oil trade, according to sources familiar with the discussions.
How might EU sanctions align with recent US measures?
Brussels aims to synchronize some of its new sanctions with the United States. A delegation of EU officials will travel to Washington this week for discussions with US counterparts regarding possibilities for joint actions.
“We are prepared to increase pressure on Russia, but we need our partners in Europe to follow,”
Treasury Secretary Scott Bessent stated in an interview. The US and Europe are contemplating new sanctions and secondary tariffs on Russia, aiming for a potential economic “collapse” that could compel Putin to engage in peace talks with Ukraine.
What effect will curbs on shadow vessels have on oil?
The EU’s latest sanctions plan would broaden restrictions on Russia’s shadow vessels and oil traders in third countries. It could also involve a prohibition on reinsuring designated tankers.
Moreover, the EU is considering tighter sanctions on major Russian oil companies by removing current exemptions that firms like Rosneft benefit from.
Additional measures may include visa and port restrictions related to sanctioned shadow vessels, sanctions on military-related services such as artificial intelligence, and expanded sanctions on individuals.
Export bans on specific goods and chemicals utilized by Moscow’s military industry, along with trade restrictions targeting foreign companies, including those in China, that supply these items are also under consideration.
How might Kazakhstan be targeted under anti-circumvention rules?
Sources indicate that the EU is considering applying its “anti-circumvention tool” against Kazakhstan for the first time. This would prohibit the import of certain machinery, which EU trade data shows is still being heavily redirected to Russia for use in weapons manufacturing.
How do proposed sanctions compare to EU’s 18th package?
The European Union presented its 18th sanctions package against Russia on July 18, 2025. The package was published on July 19, 2025, with most asset freeze measures taking effect immediately, while other sanctions commenced on July 20, 2025. This package emphasizes Russia’s energy revenues and includes measures aimed at its banking sector and military-industrial complex, along with new restrictions targeting Belarus.