EU Approves 21st Sanctions Package Against Russia, Targets Moscow Exchange and Banks

The European Union has agreed on its 21st package of sanctions against Russia following several rounds of negotiations among member states. The new measures target the Russian financial sector, the country's shadow oil fleet, cryptocurrency platforms, and energy-related businesses in an effort to further reduce Moscow's revenue streams. According to Reuters, citing four EU diplomats, the latest package places the Moscow Exchange and 94 Russian financial institutions under sanctions. Once the measures take effect, the targeted entities will face a full range of restrictive actions, including asset freezes, transaction bans, and travel restrictions where applicable.