Key facts
- EU proposes 117 new sanctions targeting Russian revenue generation.
- 31 entities focused on oil processing, refining, and export are listed.
- 12 individuals and 105 entities face transaction bans and asset freezes.
- Sanctions follow US President Trump's diesel import deal with Russia.
The European Union has drafted a new set of sanctions targeting Russia's energy sector, including its oil processing and export capabilities, in response to recent developments. The proposal, presented on October 21, includes 117 additional listings, comprising 12 individuals and 105 entities, which would be subject to transaction bans and asset freezes within the bloc. This move comes shortly after US President Donald Trump agreed to import diesel from Russia, a development that drew criticism from EU leaders. The sanctions aim to cut off revenue streams for Russia's war efforts in Ukraine. Key targets include entities involved in oil refining and export, as well as financial institutions and companies aiding Russia in evading existing sanctions. The EU is also preparing to sanction further companies within Russia's military-industrial complex.