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6h ago

EU Unveils 19th Russia Sanctions Package With LNG Ban, Lower Oil Cap and Crypto Crackdown

The proposal now requires unanimous approval by the 27 EU governments.

Un trabajador de rescate apaga el incendio de un granero destruido por un ataque ruso en la región de Odesa.
Unión Europea aprueba nuevo paquete de sanciones contra Rusia centrado en hidrocarburos y criptomonedas
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El presidente ruso, Vladímir Putin, en el Kremlin, en Moscú.

Overview

  • Brussels would bring forward the EU ban on Russian liquefied natural gas to 1 January 2027, accelerating the phaseout by about a year.
  • The package lowers the oil price cap to $47.6, blacklists 118 additional “ghost fleet” tankers for a total of roughly 560, and imposes a full transactions ban on Rosneft and Gazprom Neft.
  • For the first time, EU sanctions would cover cryptocurrency platforms and transactions, expand restrictions to more banks and the Mir payment system, and tighten action against financial‑evasion schemes in third countries.
  • The measures target refineries, oil traders and petrochemical firms outside the EU, including entities in China, while expanding export controls on technologies such as AI and geospatial data.
  • The Commission also proposes sanctioning about 45 additional companies tied to Russia’s war effort and is developing a plan to use cash flows from frozen Russian assets to back loans for Ukraine without seizing the assets.