Overview
- The U.S. Treasury added Rosneft and Lukoil to its sanctions list alongside 34 subsidiaries, extending restrictions to entities they control by 50% or more and naming refineries in the Volga region as well as two Bashneft enterprises.
- The European Union adopted its 19th sanctions package that for the first time targets the Russian gas sector, setting a phased ban on importing Russian LNG beginning April 25, 2026, with later deadlines for legacy contracts.
- EU measures expand financial controls with a ban on transactions involving several Russian banks starting November 12, 2025, impose a full prohibition on crypto services for Russian users, and add 117 tankers to a list tied to transporting Russian oil.
- Member states are permitted to require prior approval for the entry or transit of Russian diplomatic and consular personnel, with at least 24 hours’ advance notification stipulated in the published rules.
- European Commission President Ursula von der Leyen said she spoke with U.S. Treasury Secretary Scott Bessent to coordinate the moves, while Moscow condemned the actions and oil prices rose by roughly $5 per barrel after the announcements.