Direct answer: As of late October 2025, the United States and European Union have enacted a new, broad set of sanctions targeting Russia, centered on Russia’s energy sector and financial infrastructure, with additional measures against vessels in the shadow fleet and certain Chinese counterparts involved in Russia’s oil trade. The measures include a phased ban on imports of Russian LNG into the EU, full transaction bans on Rosneft and Gazprom Neft, and designation of numerous Rosneft and Lukoil subsidiaries under relevant sanctions authorities. The EU also expanded enforcement tools, including enhanced anti-circumvention rules and crypto-sector restrictions. These actions come alongside ongoing pressure to push Moscow toward a ceasefire and negotiations, while Moscow has signaled that Western sanctions are unlikely to deter its war posture. Expect oil prices to react to the tightened restrictions on Russia’s core energy exports, with market volatility possible in the near term.
