Russia faces tighter G7 and EU sanctions on gas, oil and other sectors

Leaders of the G7 met in Evian‑les‑Bains on 17 June 2026 and agreed to reinforce sanctions on Russia’s war economy, focusing on its gas and oil exports. The new measures add restrictions on the export, sale and commercialisation of Russian hydrocarbons, aiming to curb funding for the conflict.

The European Union also extended its sectoral sanctions for twelve months, adopting a 21st package that targets energy, finance, cryptocurrencies and, for the first time, the Russian fishing industry. The EU package adds thirty vessels to the ghost‑fleet blacklist, expands restrictions to ports, airports and refineries, and coordinates closely with the G7. While tightening pressure, EU leaders signalled a cautious openness to dialogue with Moscow under specific conditions.