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EU Targets Russian Shadow Fleet, Banks and Crypto in Sweeping 21st Sanctions Package

The European Union has approved its 21st package of sanctions against Russia, expanding restrictions on the country's energy, financial and militar...

By MerchantNavy.co Editorial Team1 min read0 words
maritime news

The European Union has approved its 21st package of sanctions against Russia, expanding restrictions on the country's energy, financial and military sectors. The new measures target Russia's shadow fleet, including 41 additional vessels, in an effort to further limit the country's access to global markets.

The sanctions also target Russian banks and cryptocurrency transactions, aiming to disrupt the country's ability to finance its military operations and evade international economic sanctions. The EU's move is part of a broader effort to increase pressure on Russia following its invasion of Ukraine.