Internet restrictions in Russia hurt small businesses
Small businesses across Russia are increasingly feeling the impact of tighter internet restrictions, including ...
The European Union is preparing its 20th round of sanctions against Russia over the war in Ukraine. The measures are close to being approved, after earlier delays linked to energy concerns in Slovakia and Hungary eased following repairs to the Druzhba oil pipeline.
The package builds on earlier sanctions by widening restrictions on energy, shipping, finance and trade.
Energy remains central to the new measures. The EU plans a full ban on maritime services for Russian crude oil and refined products, though the timing will depend on coordination with G7 partners.
Further steps focus on shipping and gas:
These measures aim to limit Russia’s ability to move and export energy.
The EU is also tightening pressure on Russia’s oil transport network.
The “shadow fleet” refers to older or lightly regulated tankers used to move oil outside normal oversight.
New rules will also stop tankers being sold to Russia indirectly. Any sale will need a clause preventing resale to Russian buyers or use in Russian operations.
Around 120 people and organisations will be added to the sanctions list. This means travel bans, frozen assets and blocked business dealings.
Those listed will face:
Of these:
The draft sanctions take a closer aim at key parts of Russia’s oil industry, focusing on both production and refining.
Seven refineries are listed. These include major sites in Tuapse, Ryazan, Komsomolsk, Angarsk, Achinsk, Afipsky and Lukoil’s plant in Usinsk. These facilities process crude oil into fuels such as petrol, diesel and jet fuel, which are vital for both domestic use and export.
Two oil producers - Bashneft and Slavneft - are also included. Both are established firms within Russia’s energy sector and play a role in supplying crude oil to refineries and export markets.
By naming these companies, the EU is aiming to restrict their access to finance, services and international business. This can make it harder for them to maintain operations, upgrade equipment or sell their products abroad.
The measures also extend beyond Russia. Companies in third countries, including some based in the United Arab Emirates, are targeted if they are linked to transporting Russian oil or helping move it through global markets.
Financial measures are expanded to address sanctions evasion.
The EU is, for the first time, using its anti-circumvention tool against Kyrgyzstan.
This includes:
The package introduces new legal protections for EU firms.
It also allows future restrictions on Russian companies that benefit from the seizure or temporary control of EU-owned assets in Russia.
EU companies would be able to seek compensation through European courts if they suffer losses due to such claims enforced abroad.
The EU is expanding its list of banned imports from Russia.
Metals affected include:
Other materials include:
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