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Wire · regulatory

EU Adopts 21st Russia Sanctions Package | Skadden, Arps, Slate, Meagher & Flom LLP

12 August 2026 · By · Wire by Fusion42

Published

12 August 2026

Topic

regulatory

◆ Geography

Europe

◆ Source

Read at skadden.com →

◆ Verified

Fusion42 · 12 August 2026 · Fusion42 review

The EU has adopted its 21st sanctions package against Russia, effective July 24, 2026, tightening restrictions on energy, financial, and cryptoasset sectors and introducing new reporting obligations for transfers of Russian-origin LNG. The sanctions also extend wind-down deadlines for EU operators exiting the Russian market to December 31, 2027, and introduce legal bases for visa refusals to Russian combatants.

◆ ◆ The Wire takeaway

EU companies trading in energy and crypto face sharper limits and new reporting rules from this month. You must review contracts and prepare for stricter compliance to avoid sudden legal and market access losses.

◆ Coverage

3 sources · first reported 28 Jul 2026 · latest 12 Aug 2026

◆ Related on Wire

◆ Topics

russiaeu-sanctionsenergy-sectorcryptoasset-banfinancial-institutions