The European Union's sanctions on vessels transporting Russian grain, along with Turkey's wheat import ban, impacted Russian grain exports at the end of 2024, the country's central bank said on Thursday.

The European Union is unlikely to propose phasing out Russian liquefied natural gas as part of a new package of sanctions targeting Moscow for its invasion of Ukraine, according to people familiar with the matter.

The European Union is proposing a phased ban on imports of Russian aluminum as part of a broad sanctions package ahead of the third anniversary of the Kremlin’s invasion of Ukraine, according to people familiar with the matter.

The European Commission refrained from proposing a ban on Russian liquefied natural gas in its latest sanctions package as EU member states expressed concerns over securing alternative energy sources.

The European Union is preparing another package of sanctions against Russia, which is expected to include further restrictions on banks being cut off from the SWIFT system. Additionally, discussion surrounds the targeting of another 70 ships from the so-called "shadow fleet" and imposing a ban on the import of Russian aluminium,

In its latest round of sanctions, the European Union (EU) is proposing to introduce a phased ban of Russian aluminium, Bloomberg reported on Jan. 28 citing unnamed sources. The bloc, which covers 8% of its annual aluminium needs by Russian imports,