EU Approves Fresh Sanctions Package Against Russia

11:27 AM EDT, 07/23/2026 (MT Newswires) -- The European Union agreed on its 21st package of sanctions against Russia over its war in Ukraine, with measures aimed at over 100 banks and cryptocurrency operators in a bid to put further pressure on Russia's financial system. Kaja Kallas, the European Commission's foreign affairs and security policy high representative, said in a Thursday post on social media platform X that the package is its "largest round in four years," with a total of 218 listings. The latest package also targets Russia's military-industrial complex and energy sector, including more than 40 shadow fleet and over 50 military-industrial entities. Several oil refineries in Russia and Belarus are among those sanctioned as well.