Reportedly, the EU is planning sanctions on more than 1,600 companies for assisting Russia's war in Ukraine, the largest single sanctions list to date. Targeted firms have combined annual revenues of over $20bn and employ more than 265,000. The package requires unanimous approval by EU member states; if adopted, the number of entities sanctioned by the EU in the Russia‑Ukraine conflict would rise by about 50%.

2026-07-28

Reportedly, the EU is planning sanctions on more than 1,600 companies for assisting Russia's war in Ukraine, the largest single sanctions list to date. Targeted firms have combined annual revenues of over $20bn and employ more than 265,000. The package requires unanimous approval by EU member states; if adopted, the number of entities sanctioned by the EU in the Russia‑Ukraine conflict would rise by about 50%.