Archive · 10 Jun 2025
EU Proposes New Russia Sanctions Targeting Energy and Banks
The EU is planning more sanctions against Russia.
These new rules will try to hurt Russia's money-making businesses, like energy and banks.
They want to stop Russia from selling oil and will target banks that try to get around the current rules.
The EU also wants to lower the price that countries can pay for Russian oil.
The goal is to make it harder for Russia to fund its activities.
The EU hopes that these actions will make Russia change its actions.
The European Commission proposed an 18th package of sanctions against Russia.
The sanctions aim to target Russia's energy revenues, banks, and military industry.
The proposal includes expanding restrictions on Russian banks beyond SWIFT removal.
A reduction of the G7 price cap on Russian crude oil to $45 a barrel is proposed.
The proposal also lists more vessels in Russia's shadow fleet and a ban on imports of refined products from Russian oil.
- Who
- The European Commission
- What
- The European Commission proposed new sanctions against Russia.
- When
- The proposal was made on Tuesday; EU countries will debate the proposal this week.
- Where
- Brussels
- Why
- To limit Russia's ability to fund its activities related to the invasion of Ukraine.
- Location
- Brussels
- Sanctions Package
- 18th package of sanctions
- Targets
- Russian energy revenues, banks, and military industry
- Banks Affected
- 22 more Russian banks
- Proposed Oil Price Cap
- $45 per barrel (proposed)
- Shadow Fleet Count
- Over 400 ships