EU prepares 19th sanctions package against Russia: blow to banks and oil sector

There is a significant chance that the European Union will approach Russia with new sanctions. According to reports from Bloomberg, the next package of restrictions will concern Russian finances and the oil sector. The goal of these measures is to force Putin to cease interference in Ukraine.

Sanctions in the nineteenth package of the EU hit Russian finances and oil, Bloomberg reports. This is the 19th sanctions package aimed at five banks and one energy company in Russia, intended to pressure Vladimir Putin to end the war in Ukraine.

Among the sanctions may be new restrictions for financial institutions, cryptocurrency exchanges, and oil trading. Strengthening measures against oil companies and banning the supply of goods for the military industry is also being considered. There are plans to coordinate some actions with the United States, as well as to consider the possibility of tightening measures against the 'shadow fleet' and third countries collaborating with Russia.

The European Union is preparing a new sanctions package against Russia aimed at the financial and energy sectors of the country, with the goal of pressuring the Russian leadership to end the military conflict in Ukraine. New restrictions may include additional measures against financial and oil entities, as well as a ban on the supply of goods for military use. Should new sanctions be adopted, the EU also plans to increase cooperation with the United States and other countries to strengthen pressure on Russia in the fight for peace in eastern Ukraine.