Norway imposes new sanctions package on Russia

Norway has introduced a new package of sanctions against Russia, with a range of measures targeting the energy and financial sectors, the Norwegian Foreign Ministry has announced.

The ministry said the measures mirror the European Union's 20th sanctions package, which Norway politically endorsed on May 8, 2026, Caliber.Az reports, citing Russian media.

"The package contains steps aimed at preventing sanctions circumvention and further weakening Russia's military-industrial complex," the ministry said in a statement.

The new restrictions entered into force on July 14.

"With this package, we are introducing additional measures against banks, crypto services, the LNG sector, shadow fleets and actors facilitating sanctions circumvention through third countries,” the ministry noted.

It added that they are also following the EU's efforts to limit Russian influence and sanctions evasion.

“The goal is to increase economic pressure on Russia and make it more difficult for it to wage and finance the war against Ukraine," Foreign Minister Espen Barth Eide stressed.

By Bakhtiyar Abbasov