Overview
- The European Commission unveiled its twentieth sanctions package that would replace the G7 price-cap allowance with a blanket prohibition on EU shipping, insurance and port services for Russian crude.
- Brussels also proposes halting assistance and maintenance for LNG carriers and icebreakers to further constrain Russia’s gas export capacity.
- Enforcement measures expand to 43 additional tankers linked to the so‑called ghost fleet used to bypass sanctions and to broader limits on maritime and insurance services.
- Financial steps would add 20 more Russian regional banks, target certain banks in third countries and tighten cryptocurrency rules to curb evasion.
- Trade actions include new export controls on items such as rubber, tractors and cybersecurity services worth over €360 million, import bans on selected metals and chemicals exceeding €570 million, and safeguards for EU firms facing potential Kremlin reprisals.