GeopoliticsMedium•12 November 2026•
1 min read
EU to Approve 22nd Russia Sanctions Package on Monday
Key Facts
1France stated that the EU will approve a new package of sanctions against Russia next Monday.
2The new sanctions target Russian banks, cryptocurrencies, and digital asset trading platforms.
3The European Commission will present a proposal to finance Ukraine's needs through 2027 before the European Council summit.
France stated that the European Union will approve a new package of sanctions against Russia next Monday, Reuters reported. The 22nd sanctions package specifically targets Russian banks, cryptocurrencies, and digital asset trading platforms to intensify economic pressure on Moscow.
The European Commission will also present a proposal to finance Ukraine's financial needs through 2027 before the European Council summit. These geopolitical developments follow recent economic data showing EU monthly retail sales fell by 0.7% on November 6, 2026.
The EU is scheduled to release trade balance and employment change data on November 13, 2026, the same day Russia is set to report its annual inflation rate and GDP growth figures.