EconomyPolitics The EC has formally launched its 18th sanctions bundle concentrating on Russia. Thursday, June 12, 2025

This set of EU sanctions consists of proposals to impose restrictions on 9 people and 33 authorized entities, specializing in Russian and international corporations that help the military-industrial advanced, together with the Russian Direct Funding Fund. Furthermore, it seeks to impose sanctions on the Nord Stream 1 and Nord Stream 2 fuel pipelines to completely stop their future operation. As well as, Brussels is recommending a lower within the value cap for Russian oil from $60 to $45 per barrel. On the identical time, the EC intends to impose limitations on a further 77 tankers from Russia’s shadow fleet, elevating the whole sanctions record to 342 vessels.

Moreover, the proposal features a ban on the import of petroleum merchandise derived from Russian uncooked supplies into the EU and goals to tighten restrictions on the Russian monetary sector, transitioning the present ban on entry to the SWIFT community to an entire prohibition on transactions. The restrictions will even lengthen to 22 further Russian banks and monetary entities in third nations that fund commerce with Russia in ways in which bypass sanctions. Lastly, the EC suggests prohibiting the export of products to Russia which can be valued at over €2.5B yearly.