The European Commission has proposed its 17th sanctions package against Russia, targeting over 100 shadow fleet vessels and dozens of entities aiding Moscow’s war efforts, including firms in China.
The European Union is moving swiftly on a new round of sanctions against Russia, EU diplomats said Tuesday, aiming at oil smuggling operations, military supply chains, and sanctions evasion networks.
More than 100 ships tied to Russia’s shadow fleet will be listed, along with over 50 individuals and entities, including five in China. New restrictions also target 31 companies supporting Russia’s military, 13 of which are based outside Russia.
The package also tightens export controls on dual-use goods and advanced technologies that could aid Russia’s war industry.
In a notable exception, the Commission proposed extending sanctions exemptions for Russia’s Sakhalin-2 oil and gas project until June 2026, due to its strategic importance to Japan.
Unlike previous rounds, this proposal was not shared with member states in advance, but diplomats expect quick agreement. Talks begin Wednesday.
The timing surprised observers, as previous reports indicated no major measures were expected before June.
One EU source said the move is meant to demonstrate unity within the bloc amid persistent veto threats from Hungary’s pro-Russia government.
The EU aims to coordinate the sanctions with Washington, where new U.S. measures have been drafted to pressure Moscow into accepting President Trump’s peace efforts. The U.S. sanctions reportedly include Gazprom, but it remains unclear whether Trump will approve them.
If adopted, the new EU package would mark a renewed effort to close loopholes, disrupt Russia’s wartime logistics, and reaffirm allied coordination despite political friction.
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Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
A dramatic surge in Asian currencies is signaling a shift in global financial flows, with analysts warning of a potential erosion of long-standing U.S. dollar supremacy.
U.S. President Donald Trump stated on Tuesday that the U.S. will stop airstrikes against Yemen's Houthi rebels after the group agreed to cease attacks on key shipping routes in the Middle East.
U.S. President Donald Trump has hinted at a major announcement later this week, without offering any details, during a wide-ranging Oval Office exchange with Canadian leader Mark Carney.
The European Commission is preparing to propose legal measures next month to phase out the EU's imports of Russian gas and LNG by 2027.
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A dramatic surge in Asian currencies is signaling a shift in global financial flows, with analysts warning of a potential erosion of long-standing U.S. dollar supremacy.
U.S. President Donald Trump stated on Tuesday that the U.S. will stop airstrikes against Yemen's Houthi rebels after the group agreed to cease attacks on key shipping routes in the Middle East.
U.S. President Donald Trump has hinted at a major announcement later this week, without offering any details, during a wide-ranging Oval Office exchange with Canadian leader Mark Carney.
The European Commission is preparing to propose legal measures next month to phase out the EU's imports of Russian gas and LNG by 2027.
Uber said it would buy a majority 85% stake in Turkish food and grocery delivery platform Trendyol Go for $700 million, as the ride-hailing giant looks to tap new growth markets amid signs of saturation in its mainstay North American business.
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