Overview

• European Commission proposes ending EU purchases of Russian liquefied natural gas by January 1, 2027, accelerating the phase‑out by a year.
• The package adds 118 ships to the shadow‑fleet blacklist, taking the total EU‑listed vessels to more than 560 used to skirt oil restrictions.
• For the first time, the plan targets cryptocurrency platforms and would prohibit certain crypto transactions, while extending controls to firms in third countries including China and India accused of sanctions evasion.
• The measures require unanimous approval by all 27 EU member states, with existing carve‑outs for Druzhba pipeline crude to Hungary and Slovakia left unchanged.
• A bipartisan group of U.S. senators introduced the SHADOW Fleets Act to expand sanctions on evasive tankers and Russian LNG projects, with its path forward hinging on coordination with the White House.