Ukraine pushes for tougher Russia sanctions as exemptions spark debate

A fresh wave of sanctions could cripple Russia’s war economy—but will loopholes undermine the effort? Key oil firms and banks are now in the crosshairs.

, and Administrator

2025 November 13 . 5:12 PM

1 min read

In this image there are barrels in the tunnel.

Ukraine pushes for tougher Russia sanctions as exemptions spark debate

Ukraine's sanctions envoy, Vladyslav Vlasiuk, has confirmed that the country continues to explore further sanctions against Russia. These could target additional oil majors, banks, and defense components. Meanwhile, some countries are seeking exemptions, with Hungary already granted a one-year extension. The sanctions on Russian oil companies are set to fully take effect on November 21.

The U.S. has already sanctioned Rosneft and Lukoil, aiming to reduce Russia's oil revenues and encourage negotiations. The EU has implemented 19 packages of sanctions targeting various sectors to cripple Russia's war economy. Enforcement of these sanctions is vital, including targeting the Russian shadow fleet, which includes companies like Sovcomflot and Rosmorport.

Ukraine and its partners are considering sanctions against other Russian oil giants such as Gazprom Neft, Surgutneftegas, and Transneft, as well as banks like Sberbank, VTB, and Alfa-Bank. Senator Marco Rubio has stated that the U.S. has limited options left for sanctioning Russia after targeting major oil companies.

The sanctions on Russian oil companies will fully take effect on November 21. Ukraine continues to work with partners to impose further sanctions, with more options available. Some countries are seeking exemptions, but the enforcement of existing sanctions remains crucial to their success.