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flag G7 and EU near agreement on new sanctions targeting Russia’s oil, energy, and shadow fleet, with plans to use frozen assets to fund Ukraine by late 2025.

flag The G7 is close to finalizing stronger sanctions targeting Russia’s oil exports, energy sector, and shadow fleet to undermine its war economy, with plans to maximize pressure on key revenue sources and leverage frozen Russian assets. flag The EU is advancing a separate package, including a ban on Russian liquefied natural gas by 2027 and a proposal to loan Ukraine €140 billion from frozen Russian funds. flag Both blocs aim to conclude their measures by late October 2025 amid ongoing conflict in Ukraine.

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