Russia’s wartime oil revenues are under mounting strain as Ukrainian drone strikes and Western sanctions converge to cripple the country’s refining sector and export capacity.
The pledge builds on new US and UK sanctions targeting Rosneft and Lukoil, while the EU imposed restrictions on Moscow's liquefied natural gas exports.
Three Italian companies delivered over $2.3 million worth of industrial equipment to Russia in 2024-2025, including sanctioned CNC machines and dual-use items displayed at a Moscow trade show
Ukrainian drone strikes have destroyed 38 percent of Russia's oil refining capacity and suppressed processing rates until at least mid-2026, inflicting more economic damage than all Western sanctions combined.
While Israel and Hamas negotiate a pause in hostilities, Russian forces intensify strikes across Ukraine, hitting civilians and energy infrastructure with unprecedented volume.
The measures target eight individuals and 14 companies in Russia, China, Kazakhstan, Türkiye, and the Seychelles, with 10-year asset freezes and trade restrictions.