EU Unveils 20th Sanctions Wave on Russia
In a written declaration, von der Leyen stated: "The Commission is putting forward a new package of sanctions - the 20th since the start of Russia's war of aggression against Ukraine. The new package of sanctions covers energy, financial services and trade," underlining the European Union’s continued commitment to tightening restrictions on Moscow.
She explained that the package introduces “a full maritime services ban” on Russian crude oil, a step intended to further cut into the country’s income from energy exports and weaken a major source of state revenue.
Providing additional details, von der Leyen remarked: “We are listing 43 more vessels part of the shadow fleet – reaching 640 in total. We also make it more difficult for Russia to acquire tankers to be used for the shadow fleet and add sweeping bans on provision of maintenance and other services for LNG tankers and icebreakers to further dent gas export projects,” highlighting efforts to disrupt covert shipping operations and gas transportation initiatives.
She also outlined a second cluster of actions focused on limiting Russia’s financial infrastructure and its capacity to develop alternative payment mechanisms. This includes the designation of 20 more regional banks as part of the restrictive measures.
Concluding her announcement, von der Leyen added: “We will take measures against crypto currencies, companies trading them and platforms enabling crypto trade, to close an avenue for circumvention. We are also targeting several banks in third countries involved in facilitating illegal trade in sanctioned goods,” emphasizing the EU’s intent to block loopholes and prevent evasion of existing sanctions.
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