The EU has imposed new sanctions on five individuals and four companies for supporting Russia’s shadow fleet.
The individuals are linked to Russian state-owned oil firms Rosneft and Lukoil. The EU said they control vessels that transport crude oil and petroleum products while concealing the cargo’s origin and using high-risk, irregular shipping practices.
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The latest sanctions are part of the EU’s drive to curb Moscow’s oil revenue used to finance its war in Ukraine.
The companies, based in the UAE, Vietnam, and Russia, own or manage tankers already subject to EU or international restrictions, the European Council reported in a press release.
The shadow fleet plays a key role in helping Russia bypass sanctions. These vessels allow the country to continue exporting oil covertly, masking the origin of shipments and undermining global efforts to limit Moscow’s revenue from energy sales.
Sanctions include asset freezes and a ban on EU citizens and companies providing funds. The individuals also face travel restrictions across the EU.
The latest measures bring the total number of sanctioned people and entities to over 2,600 in response to Russia’s ongoing war in Ukraine, the press release says.
The EU has imposed broad sanctions on Russia since Moscow launched its full-scale invasion of Ukraine in February 2022.
Lawmakers have rolled out 19 sanction packages targeting key sectors of the Russian economy, individuals, and entities, alongside additional measures aimed at limiting Russia’s access to finance, technology, and energy markets.
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The measures have included asset freezes, travel bans, and restrictions on exports and imports, forming a coordinated effort with allies to pressure Moscow over its war in Ukraine.
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