France and Germany rally EU support for fresh restrictions on Russian oil giants

France and Germany want the European Union to go after Russia’s energy profits by naming its largest oil companies in the bloc’s next sanctions ￰0￱ proposal demands the EU include Lukoil and its trading arm Litasco in the 19th round of penalties, to choke off what Paris and Berlin call “Moscow’s capacity to export its oil.” The demand is backed by both governments but came with no public comment from either, as negotiations continue behind closed ￰1￱ EU’s next sanctions package is still in development, but it already includes plans to target Russian banks and escalate pressure on the country’s energy ￰2￱ round of sanctions must be approved unanimously by all member ￰3￱ has blocked previous efforts to punish oil firms, and it’s expected to fight back ￰4￱ this time, France and Germany are pushing for broader tools: the sanctions draft also goes after Russia’s shadow fleet of tankers that bypass current restrictions and the traders in third countries helping move the ￰5￱ and US aim to close loopholes and crack down globally The EU is now trying to coordinate this new package with the United States, whose officials are hosting an EU delegation in Washington this week to align both strategy and ￰6￱ include secondary sanctions, more levies on buyers of Moscow’s oil, and penalties targeting the covert oil fleet operated by ￰7￱ and Rosneft PJSC are both on the radar of Washington’s Treasury ￰8￱ Secretary Scott Bessent said Sunday on NBC’s Meet the Press , “We are prepared to increase pressure on Russia, but we need our partners in Europe to follow.” The White House, under President Donald Trump, has avoided placing direct sanctions on Putin so ￰9￱ has missed several self-imposed deadlines and has not responded directly to Vladimir Putin’s refusal to negotiate ￰10￱ Trump has taken action elsewhere; he doubled tariffs on India to 50% in response to India’s continued purchases of Russian ￰11￱ the same proposal, France and Germany want tighter enforcement against Russia’s financial and logistics networks that help the Kremlin dodge existing ￰12￱ EU capitals want to go even further, applying sanctions on civilian sectors that are feeding Russia’s military supply ￰13￱ turns up pressure on Russia As Russia’s economy starts to show more stress, Brussels sees this as a way to shut down military production disguised under civilian ￰14￱ upcoming package could also remove special carve-outs that let companies like Rosneft continue operations under previous ￰15￱ that, the EU is preparing to ban exports of key goods and chemicals used by Russia’s arms industry and restrict access for foreign firms, including those based in China, that keep supplying banned ￰16￱ EU is also examining how to cut China’s support to Russia’s war ￰17￱ has become a main supplier of drones and other military tech now deployed in ￰18￱ of the sanctions under discussion would restrict trade with Chinese firms helping boost Russia’s military ￰19￱ ideas in the works include visa restrictions, actions against ports dealing with sanctioned vessels, and bans on services like artificial intelligence that could be used by Russia’s ￰20￱ is on the table, and EU ambassadors were already briefed over the ￰21￱ full sanctions package is expected to be formally proposed within ￰22￱ remains under some of the harshest economic sanctions in history, but it has kept exporting oil by re-routing trade through India , China, and other ￰23￱ also continues to access restricted goods using middlemen in third countries.

That’s why this new round is trying to shut every ￰24￱ final sanctions list may still change, depending on negotiations with EU capitals in the coming ￰25￱ Bybit now and claim a $50 bonus in minutes