In a press release published on July 23, 2026, the European Council announced the adoption of the 21st package of sanctions against Russia.

According to the Council, the new sanctions include “the largest batch of individual listings of the last four years.” They also target energy, financial services, and cryptocurrency.

Highlights of the package include:

• Further restrictions on banking and cryptocurrency sectors, including in third countries.
• Further measures against the Russian energy sector involving crude oil, petroleum products, liquefied natural gas (LNG), as well as the shadow fleet.
• A pause in the automatic adjustment mechanism for the oil price cap.
• Additional export restrictions focusing on commodities used by Russia's military industry such as metals and alloys, as well as aviation items specific to unmanned aerial vehicles (UAVs).
• Additional import restrictions on certain metals and minerals that generate significant revenue for Russia.
• New entities in Russia, as well as China (including Hong Kong), India, Kazakhstan, Kyrgyzstan, Türkiye, and the United Arab Emirates, have been added to the sanctions list.

The new package of EU sanctions also includes further measures against Belarus.

Read the full EU press release here:
https://www.consilium.europa.eu/en/press/press-releases/2026/07/23/21st-package-of-sanctions-eu-hits-russian-energy-financial-services-and-crypto-hard/