TITLE: European Union Adopts 21st Sanctions Package Against Russia
BODY:
On July 23, 2026, the European Commission announced the adoption by EU Member States of the 21st sanctions package against Russia. The package aims to further restrict Russia's ability to fund its war in Ukraine and carry out attacks on Ukrainian civilians and infrastructure.
The package contains measures across five key sectors. Energy measures include suspending oil price cap adjustments for one year until July 2027, expanding infrastructure bans to cover refineries processing Russian oil (including the Kulevi refinery, with a six-month implementation delay), introducing notification obligations for liquified natural gas (LNG) tanker sales to third countries, and designating 41 additional vessels for port access and service bans. Financial measures substantially strengthen the sanctions framework by expanding lists of third-country and Russian banks subject to transaction bans, bringing the total to more than 100 Russian banks, and creating dedicated bans on crypto-asset services and crypto platforms. The package also extends prohibitions preventing Russian nationals from owning, controlling, or serving on boards of crypto services companies.
Trade measures expand export and import restrictions targeting Russia's military-industrial complex, including bans on metal powders, alloys used in aerospace and drone production, and certain metal ore imports. Anti-circumvention measures add 51 entities to sanctions lists, including 24 in Russia and 27 in third countries across China, Türkiye, Kyrgyzstan, India, Kazakhstan, and the United Arab Emirates. The package introduces visa restrictions establishing the basis for a comprehensive ban on Russian combatants and ex-combatants entering the European Union, with implementation details to follow within three months. The package contains 218 additional listings—the highest number since the war began—including 48 individuals and 170 entities subject to asset freezes and travel bans.