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EU Expands Sanctions on Russia, Targets Key Energy Sector Today

Summary

The European Union announced new sanctions on Russia’s energy sector on March 12, 2026, aiming to cut off critical technology imports. The move targets advanced oil refining equipm

The European Union announced new sanctions on Russia’s energy sector on March 12, 2026, aiming to cut off critical technology imports. The move targets advanced oil refining equipment and gas pipeline components, restricting Russia’s export capabilities. According to Reuters, the sanctions come amid ongoing geopolitical tensions and seek to pressure Russia economically. EU officials stated these measures will further isolate Russia from global markets, impacting nearly 30% of its energy exports. The sanctions are part of a broader package agreed upon by EU member states earlier this week.
10h ago
EU Expands Sanctions on Russia, Targets Key Energy Sector Today

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