World

Norway's new Russia sanctions to take effect October 21

In brief

The measures align with the EU's 21st sanctions package and target Russia's energy, financial and crypto sectors.

Norway has adopted a new package of sanctions against Russia, with regulatory changes due to take effect on October 21, 2026. Novynarnia reported the announcement on October 20, citing European Pravda's account of a Norwegian government press release.

The measures align with the European Union's 21st sanctions package. They cover banks, the oil sector, cryptocurrency services and Russia's military-industrial complex, strengthen measures against the shadow fleet and expand import and export restrictions.

The stated aim is to increase pressure on Russia's economy and its ability to wage and finance the war against Ukraine. Norway's foreign ministry has already made the necessary regulatory changes. Novynarnia's report did not name specific individuals targeted or give a number of vessels covered.

Sources