EU Commission President von der Leyen says the EU is putting forward a new package of sanctions on Russia covering energy, financial services and trade

• Listing 43 more vessels part of the shadow fleet.
• Introducing a full maritime services ban for Russian crude oil.
• Will make it more difficult for Russia to acquire tankers to be used for the shadow fleet and add sweeping bans on provision of maintenance and other services for LNG tankers and icebreakers to further dent gas export projects.

The announcement of a new sanctions package from the EU targeting Russia, particularly in the energy and financial sectors, indicates a significant escalation in the ongoing geopolitical tensions. These measures, including a maritime services ban, are likely to impact Russian energy exports, potentially affecting global supply dynamics and market pricing, especially in commodities such as oil and gas. Traders should be vigilant about the implications for associated currencies and energy markets, as these sanctions can lead to further volatility in the FX and commodity spaces.