
Date saved: 2026-10-27 03:01 (PDT)
Sources: Institute of Geoeconomics, DW, EEAS, Hudson Institute, European Union Council, South China Morning Post, Financial Times, Wall Street Journal, Norwegian Government
Key findings
EU's largest-ever Russia sanctions package
- Institute of Geoeconomics (October 23, 2026): On October 12, the European Union adopted additional restrictive measures against 1,569 individuals and entities in Russia's military-industrial complex, including missiles, UAVs, and aircraft, making the measures the EU's largest-ever package of listings targeting Russia so far and the total number of listings under the sanctions regime to almost 4,600. (Source)
- EEAS / European Union (2026): The EU expanded its sanctions against Iran and targeted those impeding lawful transit in the Strait of Hormuz. The EU also adopted new sanctions against extremist Israeli settlers responsible for violence and actions undermining the Two-State Solution, while expanding measures against Hamas leaders. Following the violent repression of peaceful protests in Iran, the EU sanctioned members of the Iranian regime responsible for violence, arbitrary detention, and surveillance, adding the Islamic Revolutionary Guard Corps to the EU terrorist list. (Source)
- Restricted Handling / Norway (October 21, 2026): Effective October 21, Norway incorporated the European Union's twenty-first Russia sanctions package into national law. The measures cover energy, finance, and cryptocurrency. Norway extended transaction bans to 33 more Russian credit and financial institutions. The notice placed 51 entities, including some located in China, Hong Kong, India, Kazakhstan, Kyrgyzstan, Turkey, and the United Arab Emirates, under export restrictions because they support Russia's military-industrial complex. (Source)
Trump waives Russia sanctions and strikes diesel deal
- The Daily Star / Executive Order (October 18, 2026): President Donald Trump waived key Russia-related US sanctions and tariffs days before they were to take effect under a law he signed last month, including duties on the country's goods and penalties for buying its oil and gas. In an executive order released by the White House on October 16, Trump said the waiver was in the national interests of the United States. The order said the waiver will remain in effect until Trump or his top officials determine that "further action is appropriate." Putin's investment envoy, Kirill Dmitriev, called Trump's waiver "a truly historic moment." (Source)
- World Affairs Decoded (October 10, 2026): Trump struck a deal with Vladimir Putin to supply Russian diesel to the United States and to global markets, a potential structural shift in Western energy sanctions on Russia. Treasury Secretary Scott Bessent may skip the APEC finance ministers' meeting in Hong Kong to focus on Trump's Shenzhen visit. (Source)
China-Russia maritime and Arctic logistics ties
- South China Morning Post (October 2026): Top Chinese diplomat Wang Yi says Beijing stands ready to work with Moscow and ensure passage of key global corridors. China and Russia are deepening maritime and Arctic logistics ties to secure energy supply. In the war in the Middle East, Russia and China have provided important support to Tehran. China plays the key economic role in this effort, buying almost all of Iran's oil despite a US-led sanctions regime arrayed against the Islamic Republic. (Source)
APEC trilateral summit proposal: US, Russia, China
- South China Morning Post (October 2026): Trump says he is open to meeting Xi and Putin in China for nuclear talks. The US president says he would welcome a three-way discussion on nuclear weapons, but no date or format has been agreed for the proposed meeting. Moscow is pushing for a trilateral summit on the sidelines of the APEC summit in Shenzhen on November 18-19, excluding Ukraine and the European Union, the negotiating format the Kremlin would prefer. (Source)
- DW (October 2026): Moscow proposed to hold a three-way meeting on the sidelines of the APEC summit in Shenzhen, involving Russia, the United States, and China, but excluding Ukraine and the European Union. The administration of US President Donald Trump has stepped up diplomatic efforts this autumn to revive stalled negotiations aimed at ending Russia's war in Ukraine, increasing pressure on Kyiv and its European partners while seeking to draw Moscow back to the negotiating table through a series of concessions. (Source)
Hormuz and Middle East energy corridor
- ThoughtCanvas (October 13-20, 2026): The most acute threat to global macroeconomic stability over the past week has been the dramatic escalation of maritime warfare in the Middle East, specifically within the Strait of Hormuz, the Persian Gulf, and the Red Sea. Since the initiation of direct US-Israeli military operations against Iran in early 2026, the Islamic Revolutionary Guard Corps has effectively militarised one of the world's most critical energy transit corridors. By synchronising the blockade of the Strait of Hormuz with deep strikes on Saudi extraction and corporate infrastructure, the "Axis of Resistance" is executing a calculated campaign to maximise pressure on global energy markets. (Source)
Taiwan and China's grey zone tactics
- Financial Times (October 2026): China is stepping up "grey zone" tactics to isolate Taiwan. Beijing is blocking Taipei's diplomats abroad and exerting control over its maritime territory. (Source)
The transatlantic sanctions gap widened sharply this week. On October 12, the European Union adopted its largest-ever package of Russia sanctions, adding 1,569 individuals and entities in Russia's military-industrial complex to the sanctions list (missiles, UAVs, and aircraft) bringing the total number of EU listings to nearly 4,600. The new listings explicitly target third-country entities in Central Asia, the Caucasus, and the Middle East that facilitate the transhipment of dual-use technologies and circumvent existing export controls. Between October 12 and 15, the EU Council adopted the measures, and on October 21, Norway incorporated the EU's twenty-first Russia sanctions package into national law, extending transaction bans to 33 more Russian credit and financial institutions.
The same week, President Trump waived key provisions of the "Lindsey O. Graham Sanctioning Russia and Iran Act of 2026" via executive order on October 16, granting a 60-day suspension of highly punitive tariffs and sanctions on Russian goods and oil purchases. The waiver came less than a month after Trump signed the sanctions bill, and less than two weeks after he struck a diesel deal with Vladimir Putin to supply Russian diesel to U.S. and global markets. Moscow's investment envoy, Kirill Dmitriev, called the waiver "a truly historic moment." The EU moved forward while the U.S. stepped back, and the divergence highlights a growing transatlantic fracture on sanctions policy that will define the diplomatic landscape through the APEC summit in Shenzhen in November.
Source links
- Institute of Geoeconomics: Rebalancing Bilateral Trade or Reordering Global Production?
- EEAS: EU Foreign Policy in Action in 2026
- Restricted Handling: Norway incorporates EU's 21st Russia sanctions package
- The Daily Star: Trump waives key sanctions, tariffs on Russia
- DW: What China wants from a Trump-Putin summit on Ukraine
- South China Morning Post: US Diplomacy latest
- Hudson Institute: America and Europe: A Blueprint for the Next Chapter
- YouTube: World Affairs Decoded - Trump-Putin Diesel Deal Hits Sanctions
- YouTube: Rich Does Clips - Trump Just KILLED Lindsey Graham's Russia Sanctions Act