European Commission proposes 21st sanctions package against Russia

European Commission President Ursula von der Leyen has presented the 21st package of sanctions against Russia, aimed at curbing Moscow's ability to finance the war in Ukraine. The measures target the energy, finance, cryptocurrency, and trade sectors, and for the first time, include the fishing industry. In the energy sector, the Commission proposes suspending the automatic adjustment of the Russian oil price cap until January to maintain market stability. The package also targets 30 additional vessels belonging to the so-called shadow fleet, bringing the total to over 660 ships, while expanding restrictions to companies providing auxiliary services like refueling. Furthermore, the European Commission is addressing reports of alumina exports from Ireland to Russian firms, with spokeswoman Siobhan McCarry confirming the issue will be discussed during High Representative Kaja Kallas's visit to Dublin. While the Commission did not comment on specific ongoing investigations, it emphasized that it continuously works to close regulatory loopholes. The 21st sanctions package is expected to be finalized and approved by the European Union within the week.