EU to present new Russia sanctions package, Ukraine funding measures by year-end
EWU•The European Commission will present a new Russia sanctions package and proposals to cover Ukraine’s financial needs in 2027 before the European Council summit on November 26-27. The package is expected to include restrictions on banks and crypto platforms and measures to close sanctions circumvention loopholes.
1. Plans ahead of summit
European Commission President Ursula von der Leyen said the Commission would present a new sanctions package against Russia and proposals on Ukraine-related financial measures before the next European Council, a special summit scheduled for November 26-27. She said the proposals would address Ukraine’s financial needs in 2027.
2. Potential restrictions
The package will be the EU’s 22nd against Russia over its invasion of Ukraine, and its final details are still under discussion. EU diplomats said it is expected to include new restrictions on banks, cryptocurrencies and crypto platforms, as well as measures to close circumvention loopholes through third countries. It may also include a ban on Belarusian and Russian athletes competing in international meets in the EU.
3. Other measures discussed
Kaja Kallas said discussions were ongoing about potential visa restrictions on Russian ex-combatants.
