EU Sanctions
Fortress Europe Closes the ‘Laundering’ Loophole: Market Turmoil Follows EU Ban on Russian-Derived Fuels
On January 21, 2026, the European Union officially shuttered the final major gateway for Russian energy revenues, implementing a sweeping ban on refined petroleum products produced in third countries using Russian-origin crude oil. This decisive move, a cornerstone of the EU’s 18th sanctions package, aims to end the "