Back to today’s briefing

Story perspectives

EU Considers Tough New Sanctions on Russia and Iran

1/31/2026

36 2 Full Breakdown

Summary

Story summary

The European Union is considering a ban on maritime services for Russian oil as part of the 20th sanctions package.
The plan could replace the current price cap and bar European firms from transporting Russian oil.
Estonia is pushing an EU-wide entry ban on former Russian soldiers who fought in Ukraine.
The EU is weighing sanctions on Iran's Islamic Revolutionary Guard Corps for rights violations and support for Russia.

History

Historical Context

The European Union imposed sanctions on Russia on March 17, 2014, following its annexation of Crimea, targeting key sectors like oil exports, which accounted for over 30% of Russian oil transported by EU firms. As tensions escalated with Russia's invasion of Ukraine in 2022, the EU's sanctions intensified, reflecting ongoing geopolitical conflicts and reshaping global energy markets.

1 of 2

Story summary

The European Union is considering a ban on maritime services for Russian oil as part of the 20th sanctions package.
The plan could replace the current price cap and bar European firms from transporting Russian oil.
Estonia is pushing an EU-wide entry ban on former Russian soldiers who fought in Ukraine.
The EU is weighing sanctions on Iran's Islamic Revolutionary Guard Corps for rights violations and support for Russia.

1 / 2