By Admin 
- European Union announces 21st sanctions package on Russia.
- Strict export restrictions were imposed on 50 companies including India and China.
- Restrictions were also imposed on 90 banks and 11 crypto platforms.
- Strict rules should also be made on shadow fleet and oil price limit.
EU Fresh Russia Sanctions: The European Union has announced the 21st sanctions package, giving a big blow to 50 companies including India and China and many other countries. Under this 21st sanctions package announced by European Commission President Ursula von der Leyen, stringent export restrictions have been imposed on companies from many third countries like India and China. Its purpose is to stop Russia’s funding and defense resources for the war in Ukraine.
Which countries are included in the list?
In this new ban proposal, 50 companies have been put in the export control list, which includes many companies from India, China, Turkey, United Arab Emirates (UAE), Kyrgyzstan and Kazakhstan.
According to the European Union, these companies were supplying such technology and dual-use items to Russia, which it is using to strengthen its weapons and military infrastructure. To weaken defense manufacturing in the banned countries, more than 30 new companies related to drone manufacturing have also been included in this list.
Impact on energy and banking sectors
This ban is not limited to just companies, rather an attempt has been made to corner the entire economic system of Russia. There is also a proposal to freeze the assets of about 90 banks of third countries included in the list. Under this, transactions of more than 30 banks in Russia and elsewhere will be closely monitored. Transactions on 11 cryptocurrency platforms have also been restricted to prevent them from bypassing the restrictions.
Our sanctions are working.
They are weakening the economic foundations of Russia’s war effort.
Today we doubled down.
With a 21st package.
Covering energy, banks & crypto, trade including fisheries and visa for Russian soldiers ↓ https://t.co/fTIkATOSfN
— Ursula von der Leyen (@vonderleyen) June 9, 2026
Shadow Fleet and the siege on oil
The old, unidentified ships that Russia uses to sell oil illegally are called ‘shadow fleets’. The European Union has added 30 new ships to its list and tightened restrictions on 2 Russian ports and 4 airports. Apart from this, the price cap for Russian crude oil has been frozen at $ 44.10 per barrel for the next 6 months.
What will be the impact on India?
Indian companies which have been included in the export control list of the European Union, will no longer be able to exchange business or technology with any country or company of the European Union. Due to this decision, the strategic partnership between India and the European Union may come under tension.
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