The European Commission has rolled out a sweeping new package of sanctions against Russia, extending restrictions to Chinese and Indian entities in its strongest measures yet since Moscow’s full-scale invasion of Ukraine three years ago.

“We target refineries, oil traders, petrochemical companies and third countries, including China,” European Commission President Ursula von der Leyen said at a press conference on Friday.

EU foreign policy chief Kaja Kallas added in a post on social media: “We’re adding more chemicals, metal components, salts, and ores to our export bans and tighter export controls on entities from Russia as well as China and India.”

The 19th sanctions package since 2022 includes a $47.60 oil price cap, asset freezes against major energy trading firms, and new restrictions on the so-called “shadow fleet” of vessels used to circumvent G7 bans on Russian oil exports. The EU is also moving to accelerate its proposed ban on Russian liquefied natural gas (LNG) to late 2026, a year earlier than planned.

“Russia has shown the full extent of its contempt for diplomacy and international law,” von der Leyen said, citing last month’s attack on the EU’s offices in Kyiv and recent drone violations of Polish and Romanian airspace. “In response, Europe is increasing its pressure.”

Among the measures announced:

  • Sanctions on 118 additional vessels, bringing the total number of listed ships to over 560.

  • Full transaction bans on Rosneft and Gazpromneft, along with asset freezes for other Russian energy firms.

  • For the first time, restrictions on cryptocurrency platforms and bans on transactions involving Russian-linked digital assets.

  • Sanctions on foreign banks connected to alternative Russian payment systems, as well as entities in special economic zones.

The package still requires approval from all 27 EU member states in the coming weeks.

The sanctions come as part of a broader diplomatic effort to align more closely with Washington. A high-level EU delegation visited the U.S. last week to seek joint enforcement, though President Donald Trump has conditioned American support on NATO countries fully ending imports of Russian oil.

During his recent state visit to the United Kingdom, Trump repeated: “If the price of oil comes down, Putin is going to drop out … He’s going to have no choice. He’s going to drop out of that war.”