EU adopts 21st Russia sanctions package

24 July 2026

EU adopts 21st Russia sanctions packagemaradon 333/Shutterstock.com

The EU has adopted its 21st Russia sanctions package, which targets Russia’s energy industry, military-industrial, trade sector, and financial services sectors – press release. The sanctions package includes 218 additional listings, and was implemented through the following acts:

  • Regulation (EU) 2026/1844 which amends Regulation (EU) 269/2014, the EU’s asset freeze regulation under the Ukraine territorial integrity regime,
  • Decision (CFSP) 2026/1845 which amends Decision (CFSP) 2014/145, the EU’s Russia targeted financial sanctions regime decision,

Measures targeting Russian financial services and crypto include:

  • Introducing a third-country ban for crypto-asset services (Annex LVII to Reg 833/2014),
  • Freezing assets belonging to 94 banks and major financial institutions (Annex I to Regulation 269/2014),
  • Banning transactions with 33 new Russian credit and financial institutions and 11 crypto-related service platforms (Annex XIV and Annex XLV Part A to Regulation 833/2014),
  • Listing 2 people and 2 entities related to the A7 cross-border payments network (Annex to Decision 2026/1845).

Measures targeting the Russian energy industry include:  

  • Pausing the automatic adjustment of the oil price cap mechanism until 15 July 2027 (Regulation 2026/1848),
  • Listing 41 vessels (including non-EU vessels) that provide support and bunkering and other services to Russia’s ‘shadow fleet’ (Annex VI – Annex XLII Regulation 2026/1848),
  • Listing 8 entities and 1 person active in the shadow fleet system, including companies operating on behalf of Russia’s oil majors and a crewing agency (Annex to Decision 2026/1845),
  • Listing 18 entities and 1 person in the oil sector (Annex to Decision 2026/1845),
  • Introducing a notification obligation for the sales of LNG tankers and the possibility for new restrictions on the sale of LNG tankers to Russian citizens and companies (Regulation 2026/1848),
  • Listing 7 entities in the gold sector, and one in the diamond sector (Annex to Decision 2026/1845).

Measures targeting Russia’s military-industrial sector include:

  • Listing 56 people and companies involved in the Russian Military Industrial complex (Annex to Decision 2026/1845),
  • Adding 51 entities to the list of those subject to tighter export restrictions on dual-use goods and technologies (Annex I/Annex IV to Regulation 833/2014).

Measures introducing travel bans include:

  • Introducing the basis for an EU visa ban for combatants and ex-combatants of the Russian armed forces and proxy groups involved in the war in Ukraine. The Council will decide when the ban will enter into force (Decision 2026/1849).

Measures targeting the Russian trade sector include:  

  • Expanding export restrictions to include items and technologies used by Russia’s military industry including metals and alloys, beryllium powders, and self-adhesive films (Annex II – Annex VII to Regulation 2026/1848),
  • Expanding import restrictions on goods that generate revenues of over €60 million for Russia (Annex IV/Annex XXI to Regulation 2026/1848),
  • Introducing trade measures on Belarus to mirror those imposed on Russia (Annex Va Annex XXVII to Regulation 2026/1846).

Other measures include:

  • Listing 8 people for spreading Russia’s war propaganda (Annex to Decision 2026/1845),
  • Designating a Major General for torturing and executing Ukrainian military (Annex to Decision 2026/1845).
Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

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