15th EU Sanctions Package On Russia Published And Implemented

On 16 December 2024, the European Union announced its 15th sanctions package targeting Russia. This new package reinforces the EU's commitment to weakening Russia's military and economic capabilities while combating sanctions evasion.

Key elements include:

Cracking down on Russia's shadow fleet

• The EU targeted 52 additional third country vessels, bringing the total of vessels subject to a port bans and service restrictions to 79.
• The designated vessels are engaged in transporting Russian oil, arms, and stolen grain.
• This measure aims to reduce Russia's ability to circumvent the oil price cap and address safety and environmental risks posed by these vessels.

Expanded sanctions listings against Russia (and Belarus)