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20th sanctions package: EU aims to significantly curb Russia’s oil revenues

Under its proposed 20th sanctions package, the EU aims to further reduce Russia’s revenues through a sweeping ban on services for Russian crude oil, supplemented by measures targeting the financial sector, cryptocurrencies and expanded export controls.

Stephan Israel
09. February 2026
European Commission President Ursula von der Leyen wants to dial up the pressure on Russia. (IMAGO / Panama Pictures)

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Last updated: 09. February 2026

Sanctions Russia Ukraine Shadow fleet Ursula von der Leyen