EU prepares new Russia sanctions package
European Commission President Ursula von der Leyen announced that the 22nd sanctions package against Russia, along with proposals regarding Ukraine’s financing needs through 2027, will be presented ahead of the European Council summit scheduled for November 26–27.
Speaking in Dublin, von der Leyen stated that the European Union is preparing to maintain economic pressure on Russia. The final content of the new sanctions package has yet to be determined.
The measures currently under preparation include new restrictions aimed at banks and crypto-asset platforms, as well as steps to prevent the circumvention of sanctions via third countries. Should these measures be adopted, European financial institutions would likely face increased compliance obligations and stricter oversight of financial transactions linked to Russia. The EU’s latest sanctions initiative is viewed in the context of both sustaining financial support for Ukraine and further limiting Russia’s access to the international financial system.