• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. Yves Herman
European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. Yves Herman
Home
World
Europe

EU's 16th package of sanctions targets aluminium, shadow fleet

February 19th, 2025 | 15:26 PM WORLD Europe 3

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Romania destroys marine drone near Neptun Deep gas project, minister says
Ukraine's parliament approves Yevhenii Khmara as new defence minister
Russian drone attacks kill five in Ukraine's Kherson, governor says
ECB's Rehn says wage growth remains moderate, no second-round effects
By Reuters

EU envoys agreed a 16th package of sanctions on Russia on Wednesday for its full-scale invasion of Ukraine. The package is expected to be adopted by the bloc's foreign ministers on Monday to mark the third anniversary of the war.

European Union diplomats said the package includes restrictions on Russian banks, measures to strengthen the G7 oil price cap, a Russian aluminium import ban and new export bans.

ALUMINIUM

* The package bans imports of primary Russian aluminium. The ban will come into effect one year after the legislation is published in the EU's Official Journal next week.

* During the phase-in period, the EU will be able to import a limited volume of 275,000 tonnes.

OIL AND GAS RESTRICTIONS

* Seventy-three vessels have been added, most of them oil tankers, bringing the total to 152 ships.

* Prohibition on transactions with Russian ports and airports used for the circumvention of the oil price cap and the transfer of drone and missile components.

* A service ban for oil and gas refineries.

* New criteria for future sanctions listings to include owners and operators of the shadow fleet, ship captains as well as support for the military.

VIDEO GAMES

* Countries agreed new restrictions on sales of video game consoles, and other entertainment tools like flight simulators and joysticks, which can be re-purposed as controllers for drones.

* The measure will impact sales of consoles including Microsoft's Xbox, Nintendo's Switch and Sony's PlayStation.

BANKS

* The EU is piling pressure on Russia's regional banks for their role in sanctions circumvention.

* The new package removes access to the global bank messaging network SWIFT for 13 lenders and bans transactions with three Russian banks.

MANUFACTURING

* The package aims to weaken Russia's manufacturing capabilities by introducing export bans on products such as chromium and chemical precursors, which are substances used to produce other chemicals.

* These products are used in CNC machines, which are computer-programmed machines used in manufacturing to cut or drill.

NEW LISTINGS

* Fifty-three new entities will be added to a transaction ban relating to sales of high-priority goods to Russia.

* Forty-eight individuals and 35 entities will be added to the general sanctions list, which includes an asset freeze and travel ban to the EU.

* Broadcasting licenses for eight Russian media outlets will be suspended.

DIAMONDS

* The phase-in period will be extended to September of 2025 from March.

  • Topic
  • Ukraine
  • CRISIS/EU
  • SANCTIONS (FACTBOX)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Romania destroys marine drone near Neptun Deep gas project, minister says

Related Posts

Europe
August 20th, 2026

Romania destroys marine drone near Neptun Deep gas project, minister say...

Europe
August 19th, 2026

Ukraine's parliament approves Yevhenii Khmara as new defence minister

Europe
August 19th, 2026

Russian drone attacks kill five in Ukraine's Kherson, governor says

Europe
August 19th, 2026

ECB's Rehn says wage growth remains moderate, no second-round effects

Europe
August 19th, 2026

Ukraine's anti-corruption agencies launch probe ahead of key defence min...

Europe
August 18th, 2026

EU sees Iceland vote as potential boost for enlargement optics

The Wire
Aug 20th 6 h ago
Business

AI productivity gains may not curb inflation, IMF's Tenreyr...

Aug 20th 6 h ago
Aerospace & Defense

Latvia says drone in its airspace on August 14 was Ukrainia...

Aug 20th 6 h ago
India

Indian central bank deputy urges banks to improve retail fo...

Aug 20th 6 h ago
Baseball

Guardians chase elusive home series win in matchup vs. Gian...

Aug 20th 7 h ago
Americas

Brazil to keep fiscal framework, spending restraint under n...

TRENDING ON FINANCETIME
Aug 20th, 2026 Asia Pacific

Bangladesh elects ruling party veteran Alamgir as president

Aug 20th, 2026 Africa

AFRICA-FX-Ghana's currency back under pressure, Uganda's on front foot

Aug 20th, 2026 Soccer

How would a vote of no confidence work to oust FIFA president Infantino?

Aug 20th, 2026 Europe

Romania destroys marine drone near Neptun Deep gas project, minister says

Aug 20th, 2026 Baseball

Sal Stewart, Reds strive for edge in finale of 5-game series vs. Cards

Markets-Sectors
TELECOMMUNICATIONS SERVICES +0.03%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT