EU Expands Sanctions Against Russia Shadow Fleet to Include Bunkering Vessels
The European Union has expanded its sanctions against Russia‘s shadow fleet to include vessels providing bunkering and other support services, as part of its 21st sanctions package announced on Thursday. The move broadens existing restrictions beyond oil tankers carrying Russian crude, targeting ships that help keep the shadow fleet operating despite Western sanctions.
The EU’s decision comes amid growing concerns over Russia‘s ability to circumvent international sanctions through maritime transport. The bloc has been increasing pressure on companies and individuals supporting the shadow fleet, which is estimated to have grown to around 600 vessels since the start of the Ukraine crisis.
Sanctions Package Targets Support Services
The package adds 41 vessels to the EU’s sanctions list, bringing the total number of designated ships to 673. The bloc also sanctioned companies and individuals supporting the shadow fleet, including, for the first time, a crewing agency linked to its operations. This move aims to disrupt Russia‘s ability to maintain its shadow fleet by targeting key support services.
LNG Tanker Sales Require Notification
Alongside the shipping measures, the EU introduced new requirements for the sale of LNG tankers. Sellers must now notify authorities of LNG tanker sales, while the legislation also creates a legal basis for future restrictions on sales of LNG tankers to Russian individuals and companies. This move aims to reduce the risk of vessels being diverted for Russian use.
Broader Sanctions Package Aims to Reduce Russia’s Energy Revenues
The measures form part of a broader sanctions package aimed at reducing Russia‘s energy revenues and limiting its ability to circumvent existing restrictions through maritime transport. The EU has been increasing pressure on companies and individuals supporting the shadow fleet, which is estimated to have grown to around 600 vessels since the start of the Ukraine crisis.
The EU’s decision comes amid growing concerns over Russia‘s ability to circumvent international sanctions through maritime transport. The bloc has been increasing pressure on companies and individuals supporting the shadow fleet, which is estimated to have grown to around 600 vessels since the start of the Ukraine crisis.
Original Article: EU Expands Russia Shadow Fleet Sanctions to Bunkering Vessels — Shipandbunker