The European Union is preparing a new round of sanctions against Russia, specifically targeting the Kremlin’s “shadow fleet,” as reported by Politico. By curbing this illicit oil transport network, EU officials aim to significantly reduce Moscow’s revenue, thereby limiting Vladimir Putin’s ability to finance the ongoing war against Ukraine.
Expected to be introduced between late June and early July, the 21st sanctions package aims to tighten economic pressure. In addition to maritime restrictions, the measures will target Russian financial institutions, military-industrial companies, and firms involved in the export of stolen Ukrainian grain. The European Commission is also weighing the possibility of revisiting sanctions previously blocked by Hungarian Prime Minister Viktor Orbán, including travel bans and asset freezes on high-ranking members of the Russian Orthodox Church, such as Patriarch Kirill.
Furthermore, Brussels may revive the proposal to ban European shipping services for Russian oil, an idea previously stalled due to objections from Malta and Greece. Officials within the EU note that the Russian economy is currently navigating one of its most difficult periods since the start of the full-scale invasion. This decline is contrasted by Ukraine’s strengthening position, bolstered by a 90 billion euro financial aid package from the EU, the development of domestic long-range weaponry, and the psychological impact of thwarted Russian strategic plans.
The move comes at a time when Ukraine is showing resilient defense, bolstered by international cooperation. The upcoming package reflects a broader strategy to ensure that Russia faces tangible consequences for its aggressive actions. By isolating the Russian economy and limiting its access to global markets, the EU hopes to force the Kremlin to reconsider its maximalist demands in any future peace negotiations. As Western allies ramp up pressure, the focus remains on closing existing loopholes and ensuring that financial support for the war effort is effectively dismantled. The commitment to these sanctions signals a unified European resolve to stand by Ukraine through both military and economic means.