No Slowing Down: The EU Targets Russian Interests In 19th Sanctions Package

The newest sanctions package comes in the direct aftermath of both the United Kingdom and the United States having imposed significant sanctions earlier in October. From an EU perspective, a further 69 individual listings have been made, and restrictions have also been introduced within especially the energy sector, military industries, banking and crypto.

In this article, we highlight some of the key additions to the latest EU sanctions and how they may affect Danish businesses across sectors and industries:

Energy sector

• A ban on imports of Russian liquefied natural gas (LNG) into the EU will take effect in two stages: Long-term contracts will end by January 2027 and short-term contracts within six months. Existing transaction bans against two major Russian state-owned oil producers (Rosneft and Gazpromneft) have been tightened.