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Finance
  • News article
  • 24 February 2025
  • Directorate-General for Financial Stability, Financial Services and Capital Markets Union
  • 4 min read

EU adopts 16th package of sanctions against Russia

The Commission welcomes the Council's adoption of the 16th Russia sanctions package. As Russia's illegal aggression enters its fourth year, this package is designed to further ramp up pressure on the aggressor and is part of the EU's unwavering commitment to a just and lasting peace for Ukraine.

The Council of the European Union adopted the following additional measures

Anti‑circumvention measures

  • The package targets 74 additional vessels, bringing the total number of listed vessels to 153. These vessels are part of the shadow fleet or contributed to Russia's energy revenues
  • The measures add a new listing criterion, targeting those who support the operations of unsafe oil tankers
  • The package imposes targeted export restrictions on 53 new companies supporting Russia's military‑industrial complex or engaged in sanctions circumvention. This includes 34 companies in countries other than Russia

Additional listings

  • Today's package includes 83 additional listings, including 48 individuals and 35 entities, such as those supporting the Russian military complex, active in sanctions circumvention, Russian crypto assets exchanges and in the maritime sector
  • The 16th package also adds another new criterion for listing individuals and entities that are part of Russia's military and industrial complex, support it, or benefit from it.

Trade measures

Direct import ban on Russian aluminium
  • In addition to the prohibition for imports of processed aluminum goods from Russia, already in place, this package includes a ban on EU imports of primary aluminium from Russia
  • To ensure a smooth transition for businesses, a quota mechanism is introduced, allowing 275,000 tons, which equates to 80% of EU imports in 2024, to be used over a 12‑month period
Dual‑use export restrictions

Dual‑use export restrictions have been extended to additional items in order to cut Russia's access to key technologies it has been using on the battlefield, covering

  • Dual‑use chemical precursors to produce chloropicrin and other riot control agents used as chemical weapons by Russia in violation of the Chemical Weapons Convention
  • Software related to Computer Numerical Control (CNC) machine tools used to manufacture weapons, and video‑game controllers used by the Russian army to pilot drones on the battlefield
  • Chromium ores and compounds due to their military applications

The limited derogations and exemptions for certain dual‑use and advanced tech exports, e.g. for medical use, have been clarified and further tightened to support effective application by customs and licensing agencies.

Moreover, additional export restrictions have been introduced on industrial goods, specifically targeting minerals, chemicals, steel, glass materials, and fireworks, with special military significance.

Energy measures

  • The EU has decided to completely prohibit temporary storage or the placement under free zone procedures of Russian crude oil or petroleum products in EU ports, which was until now allowed, if the oil complied with the price cap and went to a third country
  • The package extends the prohibition to provide goods, technology and services for the completion of Russian LNG projects to also apply to crude oil projects in Russia, such as the Vostok oil project
  • The package extends the existing software ban to restrict the export, supply or provision of oil and gas exploration software to Russia

Transport measures

  • The package extends the flight ban to enable the listing of third‑country carriers conducting domestic flights within Russia or supplying aviation goods to Russian airlines or for domestic flight in Russia. If listed, these airlines will not be allowed to fly to the EU
  • Road transport prohibition: The package adds an amendment that prevents increasing Russian ownership above 25% in EU road transport undertakings, thereby closing potential loopholes for circumventing existing sanctions

Infrastructure measures

  • Full transaction ban on specific Russian infrastructures: This includes two Moscow airports (Vnukovo Airport and Zhukovsky Airport), four regional airports, and the Volga port Astrakhan and Makhachkala port on the Caspian Sea. The sea ports Ust‑Luga and Primorsk on the Baltic Sea and Novorossiysk on the Black Sea were also included
  • Ban on construction services provided by EU operators in Russia

Financial sector measures

Russia has diverted much of its financial flows via smaller banks. The 16th package strengthens our measures on the financial sector. In particular

  • Addition of 13 financial institutions to the list of entities subject to the prohibition to provide specialised financial messaging services
  • Addition of 3 banks to the transaction ban due to their use of the Financial Messaging System of the Central Bank of Russia (SPFS) system to circumvent EU sanctions
  • Extension of the transaction ban to enable the EU to list financial institutions and crypto asset providers that participate in the circumvention of the Oil Price Cap and facilitate transactions with listed vessels of the shadow fleet

Measures against disinformation

  • Suspension of broadcasting activities of additional 8 media outlets in the EU or directed at the EU, in view of their role supporting and justifying Russia's war of aggression against Ukraine

For more information