January 31, 2026
The EU will hit Russian banks in the 20th package of sanctions - Bloomberg thumbnail
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The EU will hit Russian banks in the 20th package of sanctions – Bloomberg

The European Union plans to include in the 20th package of sanctions against Russia new restrictions on Russian banks, oil companies and financial institutions of third countries.”, — write: www.pravda.com.ua

The European Union plans to include in the 20th package of sanctions against Russia new restrictions on Russian banks, oil companies and financial institutions of third countries.

Source: Bloomberg with references to sources

Details: According to the interlocutors of the agency, the European Union also plans to introduce sanctions against cryptocurrency services and financial organizations in third countries that help Russia circumvent current bans.

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A separate item of the package will be the expansion of the list of sanctions against the “shadow fleet”. It is planned to add new vessels to the list, which the Russian Federation uses to transport oil to bypass international restrictions.

Sources of the publication do not rule out that the EU may for the first time officially apply a mechanism to counter the circumvention of sanctions, which will prohibit the export of machine tools and certain types of radio equipment to Kyrgyzstan, through which the goods reach the Russian Federation.

The package could also include additional trade restrictions on companies and goods Russia needs to make weapons, as well as a ban on imports of certain metals from Russia.

What preceded:

  • On January 29, the EU’s high representative for foreign and security policy, Kaya Callas, said that the EU plans to approve the 20th package of sanctions against Russia to the anniversary of the full-scale invasion.
  • It is known that France wants the 20th package of EU sanctions against the Russian Federation “especially tough” on the “shadow fleet”.
  • According to the media, the European Union is discussing a proposal to replace the current mechanism of limiting prices for Russian oil a complete ban for its transportation.
  • In addition, the 20th package may include increased restrictions on Russian mineral fertilizers, which are still the third largest category of commodity exports from Russia to the EU. Additional bans on the export of dual-purpose goods to the Russian Federation are also planned.
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