The EU is preparing a new package of sanctions against Russia, specifically targeting the ‘shadow fleet’ — Politico

Stanislav Sereda
Stanislav Sereda Journalist
The EU is preparing a new package of sanctions against Russia, specifically targeting the ‘shadow fleet’ — Politico
Sanctions against Russia
The European Union is working on a 21st package of sanctions against Russia, which may include restrictions targeting banks, religious figures, Russia’s ‘shadow fleet’ and companies selling Ukrainian grain from the temporarily occupied territories.

Politico reports this, citing European diplomats.

It is noted that the 21st package of sanctions against Russia is being prepared for late June or early July 2026, and its main target will be Russia’s ‘shadow fleet’. Seven EU officials and diplomats also told the publication that the new restrictions will target Russian banks, financial institutions and military-industrial companies, as well as firms trading in grain stolen from the temporarily occupied territories of Ukraine.

EU officials also plan to include in the new package those sanctions previously blocked by former Hungarian Prime Minister Viktor Orbán. This applies, in particular, to members of the Russian Orthodox Church and its head, Patriarch Kirill, who is a close ally of Russian President Vladimir Putin.

The EU may also reinstate the decision to ban maritime services for Russian vessels, which had previously been blocked by Greece and Malta.

“There has been a new impetus following the Hungarian elections. We must review the restrictions we have been working on previously, but we must also develop a new package of sanctions,” the EU’s foreign policy chief, Kaja Kallas, told journalists after a meeting of EU ministers in Luxembourg.

Furthermore, according to Politico, the EU will soon impose sanctions on more than two dozen Russians involved in the abduction of Ukrainian children.

EU officials noted that Russia’s economy is currently in its “worst state since the start of the war”, so “this is an opportunity to put further pressure on it”.

Follow us on Telegram

Share tittle
Economy
All the electricity put up for sale was sold at the long-term auction
Economy

All the electricity put up for sale was sold at the long-term auction

Energoatom and Ukrhydroenergo have sold all the electricity volumes offered at the first special long-term auctions. In total, the state-owned companies sold 462,148 MWh, to be supplied between August and December 2026.

22.07.2026
The IMF has postponed the introduction of VAT for sole traders until 2028: what will change
Economy

The IMF has postponed the introduction of VAT for sole traders until 2028: what will change

The International Monetary Fund has agreed to postpone the introduction of value added tax (VAT) for sole traders operating under the simplified tax system. Instead of January 2027, the new rules are due to come into force on 1 January 2028.

22.07.2026
After the war, the military levy may be replaced by a reconstruction tax — the government is discussing the idea with the IMF
Economy

After the war, the military levy may be replaced by a reconstruction tax — the government is discussing the idea with the IMF

The Ukrainian government is considering replacing the current 5 per cent military levy with a special tax for post-war reconstruction. This option is included in the updated Memorandum of Cooperation between Ukraine and the International Monetary Fund.

22.07.2026
Court overturns 4 million fine following an inspection of ‘Tekhno Yizhak’
Economy

Court overturns 4 million fine following an inspection of ‘Tekhno Yizhak’

During a retrial, the Kharkiv District Administrative Court quashed a tax penalty of 4,038,423 hryvnias imposed on a business owner following an inspection of a shop in the centre of Odesa. The decision was based on irregularities in the way the inspection was arranged, rather than on a refutation of the tax authorities’ claims regarding the accounting of goods.

22.07.2026
The Innovation Development Fund plans to purchase 860 Starlink Mini units for 17 million
Economy

The Innovation Development Fund plans to purchase 860 Starlink Mini units for 17 million

The Innovation Development Fund has announced a tender for the purchase of 860 Starlink Internet Satellite Mini satellite modems or their equivalents. The maximum funding amount for the purchase, including VAT, is 17.028 million hryvnias.

22.07.2026