Latest Package Expands Financial and Trade Restrictions
The European Union has agreed on its nineteenth sanctions package targeting Russia, introducing tougher measures across energy, finance, and transport sectors. The latest action blacklists additional Russian banks and companies while closing loopholes that allowed sanctioned goods to continue flowing through intermediaries. EU officials said the strengthened framework is intended to cut deeper into the financial networks supporting Russia’s ongoing war effort in Ukraine.
Europe to Phase Out Russian Liquefied Natural Gas by 2027
One of the most consequential steps in the package is a comprehensive ban on Russian liquefied natural gas imports. The regulation prevents the signing of new purchase agreements and requires all existing LNG contracts to expire within the next two years. The measure marks a decisive shift in European energy policy, underscoring the continent’s intent to end its reliance on Russian resources and bolster energy diversification through renewable and alternative sources.
Member States Unite After Prolonged Talks
Unanimous approval was reached after Slovakia lifted its objections, breaking weeks of diplomatic stalemate and paving the way for the deal’s adoption by all 27 EU nations. European leaders welcomed the consensus as a strong demonstration of solidarity in confronting Moscow’s aggression. The decision, they said, reinforces Europe’s dual commitment to maintaining pressure on Russia and securing its own long-term energy resilience.
