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Jun 8, 2026

EU proposes 21st sanctions package against Russia, targeting banks and military industry

The European Union has proposed its 21st package of sanctions against Russia over the war in Ukraine, targeting the country's banks, cryptocurrency networks, drone production, oil traders and refiners. The package includes 80 proposed listings aimed at Russia's military industrial complex, human rights violators and propagandists, adding to what the EU estimates is a $1.5 trillion cumulative economic hit on Russia.

Jun 8, 2026·3 sources
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Top claims

  • ▪Russia's economic growth slowed to 1% in the previous year from 4.9% in 2024, attributed to sanctions, high interest rates, and a strong rouble
  • ▪The EU will introduce the possibility of a full ban on crypto asset services for third countries that host platforms helping Russia
  • ▪The proposed package includes the listing of 170 individuals and entities

Subtopics

Crypto privacy & surveillance1Energy security & geopolitics1EU foreign policy1Russia-Ukraine war1Sanctions & economic countermeasures1

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