The European Union on Tuesday proposed fresh export control measures on 50 companies, including entities based in India, as part of a sweeping new sanctions package aimed at tightening pressure on Russia’s war economy over its invasion of Ukraine.Announcing the proposed 21st package of sanctions, European Union High Representative for Foreign Affairs and Security Policy Kaja Kallas said the new listings would include more than 30 designations linked to drone manufacturing and export restrictions on firms located in China, Türkiye, Kyrgyzstan, Kazakhstan, the United Arab Emirates and India.”The new listings will cover more than 30 designations in drone manufacturing as well as new export control measures on 50 companies, including entities based in China, Türkiye, Kyrgyzstan, Kazakhstan, UAE and India,” Kallas said in a series of posts on X.The latest measures form part of the EU’s broader effort to curb Moscow’s ability to finance and sustain its military campaign in Ukraine.”Brick by brick, we are collapsing the foundations of Russia’s war economy,” Kallas said, adding that Brussels was preparing its largest set of sanctions listings in more than two years.The proposed package targets banks, weapons manufacturers, oil traders, refineries and crypto operators in third countries accused of helping Russia evade existing sanctions.According to Kallas, nearly 90 banks could face asset freezes, while transactions with more than 30 banks in Russia and other countries would be further restricted. Eleven cryptocurrency platforms are also proposed to be subjected to transaction bans.The EU is additionally seeking to curb revenues from Russian energy exports by introducing a temporary freeze on the Russian oil price cap and tightening restrictions on the resale of liquefied natural gas tankers to Moscow.Brussels also plans to expand measures against Russia’s so-called shadow fleet, with sanctions proposed on 30 more vessels. Two Russian ports and four airports are set to face transaction bans under the package.Kallas said the measures were intended to strike at the heart of Russia’s military-industrial complex. “We are depriving Russia of the means to fund its war,” she said.The package further envisages restrictions on the export of materials and technologies, including nickel powders, metals and high-performance alloys used in defence production, while imports of selected car parts, precious metal ores and chemicals would also be curbed.In another step, the EU plans to impose a comprehensive visa ban on current and former members of the Russian armed forces and proxy groups.The sanctions package will now be taken up by member states for approval. Separately, the EU’s Foreign Affairs Council is expected to adopt 81 additional listings next week targeting Russia’s shadow fleet, military-industrial complex, human rights violators and propagandists.The proposed measures come as the European Union seeks to intensify pressure on Moscow and crack down on networks in third countries allegedly helping Russia circumvent Western sanctions imposed since the outbreak of the Ukraine conflict.