EU Approves 16th Sanctions Package Targeting Russia's Economy
The new measures include a phased ban on Russian aluminum imports, expanded restrictions on oil trade, and additional blacklisted entities.
- The EU's 16th sanctions package will be formally adopted by foreign ministers on Monday, marking three years since Russia's full-scale invasion of Ukraine.
- Key measures include a ban on primary aluminum imports from Russia, set to be phased in over the next year, and restrictions on gaming consoles and flight simulators.
- The sanctions target 73 additional vessels in Russia's 'shadow fleet,' used to circumvent oil export restrictions, and blacklist 48 individuals and 35 entities.
- Further actions include disconnecting 13 more Russian banks from the SWIFT payment system and banning eight Russian media outlets from broadcasting in Europe.
- The EU's move comes as the U.S. administration under President Trump begins direct talks with Russia, raising concerns in Europe about potential concessions to Moscow.