EU Imposes Sanctions on 41 More Ships from Russia’s Shadow Fleet
The European Union has imposed sanctions on 41 more ships from the so-called Russian shadow fleet. The EU Council announced this today, bringing the total number of these vessels under sanctions to almost 600. Britain also announced new anti-Russian sanctions today.
The sanctioned ships are banned from entering ports in EU countries and can no longer use a wide range of maritime services. This move is part of the EU’s efforts to restrict Russia‘s ability to export oil and circumvent international sanctions.
Russian Shadow Fleet Continues to Operate Under Western Oversight
Despite the EU’s efforts, Moscow has managed to adapt to most of the measures. Above all, it continues to sell millions of barrels of oil to India and China, albeit at discounts to global prices, Reuters reported. Much of this oil is transported with the help of the so-called shadow fleet.
The Russian shadow fleet transports two-thirds of Russia‘s oil exports. It consists of hundreds of tankers operated outside Western oversight and maritime regulations. This has allowed Russia to maintain its oil sales despite international sanctions.
EU Targets Companies and Individuals Accused of Transporting Russian Oil
On Monday, the EU also imposed sanctions on companies and individuals it accuses of transporting Russian oil. Those targeted include Canadian-Pakistani oil trader and Mercantile & Maritime chief executive Murtaza Lakhani.
Oil sales are an important source of revenue for Russia, helping to fund its war against Ukraine, which has been going on for almost four years. The EU’s sanctions aim to restrict Russia’s ability to generate revenue from its oil exports.
Britain Adds 24 Individuals and Entities to Sanctions Regime
Britain also announced further sanctions targeting Russia‘s oil industry today. London has added 24 individuals and other entities to its sanctions regime, including Russian oil companies Tatneft and Russneft.
These sanctions are part of a broader effort by Western countries to restrict Russia‘s ability to export oil and fund its military activities in Ukraine. The EU and Britain have imposed numerous rounds of sanctions on Russia since the start of the conflict in 2014.
Original Article: EU imposes sanctions on 41 more ships from Russia’s shadow fleet — Oenergetice