The European Union is preparing its 17th package of sanctions against Russia, with the European Commission finalizing the proposal and presenting it to Member States. The package primarily targets Russia’s shadow fleet, proposing restrictions on nearly 150 additional oil tankers used to evade sanctions, which would bring the total to over 300 if approved.
Sanctions are also expected against more than 60 individuals and entities, including around 50 companies. Among them are five Chinese firms and others based in Turkey, Vietnam, Serbia, the UAE, and Uzbekistan, accused of aiding Russia’s military or helping bypass existing sanctions.
The proposal includes tighter controls on the export of dual-use goods, including technologies and components that can be repurposed for military use. An extension of the exemption for the Sakhalin-2 energy project until June 2026 is also included, reflecting energy considerations for Japan.
The draft package follows the EU’s 16th sanctions package, adopted on 24 February 2025, and marks a continued effort to reinforce pressure on Moscow three years after the full-scale invasion of Ukraine.
MK Compliance Limited can provide daily/weekly/monthly updates on sanctions, and AML regulatory developments. These updates ensure that you are kept informed about the latest regulatory changes, therefore ensuring comprehensive compliance.
In addition, we provide sanctions-related consulting services, including legal opinions, transaction reviews, screenings and background checks on your clients and related individuals/entities/counterparties, to ensure your business operations remain fully compliant with all applicable sanctions, mitigating the risk of breaches.
The content of this article is valid as at the date of its first publication. It is intended to provide a general guide to the subject matter and does not constitute legal advice. We recommend that you seek professional advice on your specific matter before acting on any information provided.
For further information or advice, please contact info@compliancemk.com.
