The European Union adopted its 14th sanctions package against Russia, aimed at reducing Russia’s revenue and capacity to continue its war against Ukraine.

The adopted regulations include restrictive measures that span bans on future investments in Russian liquified natural gas (LNG) projects and, after a nine-month transition, a prohibition on the use of EU ports for Russian LNG transshipment. The importation of Russian LNG into specific terminals is also prohibited.

The sanctions package also includes first of its kind sanctions on vessels supporting Russia’s war efforts, the imposition of port access bans, and service prohibitions on 27 vessels involved in transporting military equipment and stolen Ukrainian grain. The prohibitions list is subject to updates.

Moreover, the EU’s latest regulations introduce asset freezes and travel bans on 69 individuals and 47 entities that undermine Ukraine’s sovereignty. They also ban EU banks outside Russia from using Russia’s financial messaging system and restrict transactions with banks and crypto providers supporting Russia’s defense industry.

Export restrictions are additionally expanded to include dual-use and advanced technology items, and the restrictions now prohibit the export of manganese ore. The package also targets entities linked to Russia’s military complex and extends import bans to helium.

In order to counter sanctions evasion, the package strengthens compliance measures, enforcement support, and oversight of foreign subsidiaries of EU operators. It also includes protections against expropriation and intellectual property theft.

Finally, the package enforces measures to protect EU democratic processes from Russian interference, such as banning political party funding from Russia, and reinforces existing transport restrictions, including the flight ban and road transport prohibition.

View the relevant announcement here