EU Prioritizes Sanctions Against Russia’s Shadow Fleet
European leaders have reiterated their commitment to weakening Russia by targeting its shadow fleet of tankers, which has been a key source of revenue for the country. The European Union High Representative for Foreign Affairs and Security Policy, Kaja Kallas, emphasized that the sanctions are working and that the next steps will focus on pre-boarding agreements with flag states and inspection rights to target the shadow tankers.
Kallas reported that there have been “extensive diplomatic talks” to establish these inspection rights, which aim to slow down the shadow fleet‘s operations and reduce Russia‘s revenues. She noted that the export of Russian crude oil is at its lowest level in months, with tax revenues from oil also dropping significantly since the war started.
The EU’s efforts to target the shadow fleet have already had a significant impact, with revenues from oil shipped via the Baltic and Black Sea dropping by 30 percent since the sanctions were implemented. Kallas emphasized that the ministers want to work with the European Commission to be “more agile” and take further steps against the tankers.
EU Lists Over 550 Ships, Authorizes Member States to Challenge Tankers
The EU has already listed over 550 ships as part of its efforts to target Russia‘s shadow fleet. The bloc has also authorized its member states to challenge tankers transiting local waters to demand proof of insurance. This move aims to increase transparency and accountability in the shipping industry, making it more difficult for Russian tankers to operate without being detected.
The EU and NATO have also supported the Baltic countries in increasing their monitoring efforts and protecting their undersea infrastructure. These measures aim to prevent Russia from using its shadow fleet to circumvent international sanctions and continue to generate revenue from oil exports.
Critics Question Proposed US Peace Plan
As news of a proposed new peace plan developed by the United States in consultation with Russia was announced, critics were quick to express concerns about the plan’s concessions. The plan reportedly contains large concessions from Ukraine, and it is unclear what concessions Russia might be proposing in return. Ukraine has acknowledged receipt of the plan and said it will be discussing opportunities for peace with the United States in the coming days.
Despite these concerns, Kallas emphasized that the EU remains committed to finding a peaceful solution to the conflict. She noted that previous talks have fallen apart because Russia has not made any real commitments to peace, and that the EU is willing to work with Ukraine to find a solution that respects its sovereignty and territorial integrity.
Original Article: EU Says Going After Russia’s Shadow Fleet Remains a Priority — The Maritime Executive