Looks like the EU is moving forward with another layer of sanctions. Word is they're drafting legislation to block Russian oil imports entirely, with the proposal expected to hit the table early next year.

This isn't exactly new territory—energy has been a battleground since the conflict started—but a formal import ban would mark a significant escalation in how Europe decouples from Russian energy dependencies. The timing matters too. If this goes through at the start of the year, we could see ripple effects across energy markets, inflation expectations, and by extension, risk assets.

For anyone tracking macro trends, energy policy shifts like this tend to influence central bank decisions and volatility in traditional and digital markets alike. Worth keeping an eye on how this develops and what second-order effects it might trigger across the broader financial landscape.