In a significant escalation of economic measures against Russia, the European Union has unveiled its 21st sanctions package, targeting over 170 entities, including companies in India. Kaja Kallas, the EU’s High Representative for Foreign Affairs, emphasized the need to dismantle the foundations of Russia’s war economy. This package includes penalties for 50 companies across various nations, specifically those providing support to the Russian military. Financial measures will see asset freezes on nearly 90 banks and transaction bans on over 30 banks, alongside restrictions on 11 cryptocurrency platforms to prevent sanctions evasion. The EU will also impose a temporary freeze on the Russian oil price cap and blacklist 30 vessels involved in transporting Russian oil. The inclusion of Indian firms in the sanctions highlights a critical moment in EU-India relations, as New Delhi navigates its neutral stance on the Ukraine conflict. Indian exporters dealing in dual-use technologies will need to audit their trade partners to avoid being cut off from the European market, potentially complicating ongoing trade negotiations.