EU Reveals Twentieth Sanctions Package Targeting Russia’s Energy
Commission President Ursula von der Leyen stated:
"The Commission is putting forward a new package of sanctions - the 20th since the start of Russia's war of aggression against Ukraine. The new package of sanctions covers energy, financial services and trade,"
The measures include a “full maritime services ban” on Russian crude oil aimed at further reducing Moscow’s energy revenues. Von der Leyen explained that 43 additional vessels will be added to the so-called shadow fleet list, bringing the total to 640. The package also restricts Russia’s ability to acquire new tankers for this fleet and bans maintenance and other services for LNG tankers and icebreakers, further hindering gas export operations.
The sanctions also target Russia’s banking sector and efforts to create alternative payment channels. Von der Leyen noted that 20 more regional banks will be added to the list of restrictions:
“We will take measures against crypto currencies, companies trading them and platforms enabling crypto trade, to close an avenue for circumvention. We are also targeting several banks in third countries involved in facilitating illegal trade in sanctioned goods,”
Export restrictions are being tightened with new bans on goods and services including rubber, tractors, and cybersecurity support, while additional import bans will cover metals, chemicals, and critical minerals not previously sanctioned.
Von der Leyen emphasized measures to restrict items and technologies supporting Russia’s military efforts, including materials used to produce explosives, and the introduction of an ammonia import quota:
“We introduce further export restrictions on items and technologies used for Russia's battlefield effort, such as materials used to produce explosives. We propose a quota on ammonia to cap existing imports,”
For the first time, the EU will use its Anti-circumvention tool to block exports of computer numerical control machines and radios to regions at high risk of re-export to Russia. Additional safeguards will also protect EU companies from intellectual property violations or unfair expropriation in Russia linked to sanctions.
Von der Leyen called on EU member states to endorse the sanctions quickly, stating that doing so would “send a powerful signal ahead of the grim fourth anniversary of this war.”
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