The European Union has expanded its latest sanctions round to include Indian entities linked to two major Russian lenders, VTB and Sberbank. The move is part of the bloc’s 21st sanctions package and also covers three local firms in India.
Based on the available report, the new measures show the EU is widening the geographic scope of its Russia-related sanctions beyond companies operating directly inside Russia. By naming Indian entities of VTB and Sberbank, Brussels appears to be focusing on overseas structures connected to Russian financial networks.
The brief account does not detail the exact restrictions imposed on each entity, but the action signals continued pressure on business channels seen as tied to sanctioned Russian institutions. Including three local firms alongside the bank entities suggests the package is aimed at a broader set of commercial relationships.
The decision adds another layer to the EU’s effort to tighten enforcement through successive sanctions packages. It also highlights how the impact of Russia-related restrictions is increasingly reaching companies and financial entities outside Europe and Russia, including in major international markets such as India.
