EU Unleashes 21st Sanctions Package Against Russia

The European Union has introduced its 21st package of sanctions against Russia, targeting various sectors and entities involved in the country's war efforts. The measures include blocking 94 Russian banks from trade with Europe, which accounts for approximately 50% of the country's banking sector.

The EU has also added Moscow's stock exchange to the sanctions list, citing its role in trading investments into Russian military corporations and government bonds. Additionally, the bloc has imposed restrictions on Russia's gold exports, which generated $12 billion for the country in 2025.

Furthermore, the EU has targeted cryptocurrency platforms, including the A7 network, which helps Russia evade sanctions. The crackdown encompasses 14 third-country platforms identified as facilitating sanctions evasion.

The EU has also introduced a provision allowing member states to confiscate assets from shadow fleet vessels they board, with proceeds filling state coffers. This measure aims to combat Russia's use of the shadow fleet to circumvent sanctions.