Overview

• The European Commission presented the package to Member States, proposing a full prohibition on Russian LNG imports by January 2027 and cutting the crude oil price cap to $47.6.
• Enforcement steps add 118 shadow‑fleet vessels to EU listings and place Rosneft and Gazpromneft under a full transaction ban.
• Financial curbs extend full transaction bans to additional Russian banks, reach linked institutions in third countries, hit Russia’s card and fast‑payment systems, and introduce the EU’s first ban on crypto transactions.
• New export controls target battlefield technologies and list 45 entities in Russia and abroad, alongside a proposed investment ban for Russian special economic zones and measures aimed at Chinese actors supporting Russia’s military industry.
• The proposal includes sanctions on individuals tied to the abduction and indoctrination of Ukrainian children, and the Commission is developing a Reparations Loan backed by immobilised Russian assets to support Ukraine.