Published by Global Banking & Finance Review®
Posted on September 10, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleThe EU plans to include Chinese refineries in its new sanctions package against Russia, targeting companies aiding Moscow in bypassing restrictions.
By Julia Payne
BRUSSELS (Reuters) - The European Commission is considering listing some independent Chinese refineries in its 19th package of sanctions against Russia over its invasion of Ukraine, EU officials who asked not to be named, said.
The Commission may propose the new package as soon as Friday after an EU delegation returns from sanctions talks in Washington.
The EU is ramping up the size of third country companies it lists from small, unknown shell companies moving dual-use goods to Moscow to established entities that aid Russia in circumventing Western restrictions. In its 18th package, the EU listed two Chinese banks and India's major Nayara Energy refinery at Vadinar.
The proposal is also expected to list banks in two central Asian countries.
The EU has been eying some Chinese refineries since the summer for possible Russian oil purchases from the already sanctioned shadow fleet. The sources did not provide further detail.
EU sanctions require unanimity from member states in order to pass.
(Reporting by Julia Payne, editing by Jan Strupczewski and Kirsten Donovan)
The European Commission is considering listing some independent Chinese refineries in its 19th package of sanctions against Russia over its invasion of Ukraine.
The Commission may propose the new package as soon as Friday after an EU delegation returns from sanctions talks in Washington.
The EU is ramping up the size of third country companies it lists, moving from small, unknown shell companies to established entities that aid Russia in circumventing Western restrictions.
The proposal is also expected to list banks in two central Asian countries.
EU sanctions require unanimity from member states in order to pass.
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