Economy · July 2026

On July 22, 2026, EU envoys are working to overcome Greek objections to the 21st sanctions package against Russia, while the bloc targets Russian banks with new measures. Lithuania is among the few EU countries still pushing for sanctions, citing 'fatigue in Europe.' Some EU states have blocked new sanctions against Putin, and a US expert says Trump seeks to soften the Russia sanctions bill with broad waiver authority. Putin says the Russian economy is stable despite challenges, outlining the state of the economy, fuel market, and regional support, while calling for a long-term policy focus. A Lukoil subsidiary will lease land for a gas station in Ufa, and an oil depot caught fire in a Russian city. Flights to and from Kaliningrad have resumed, and Russia has banned night vessel movement at Novorossiysk port, according to industry sources. Peskov says the fuel situation is stabilizing in the regions, as Yandex launches a separate flower and gift ordering service.