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Economic Times
an hour ago
- Economic Times
EU sanctions Indian arm of UAE-based shipping company
New Delhi: Intershipping Services Hub Private Ltd, the Indian branch of the United Arab Emirates (UAE)-based entity, has been sanctioned by the European Union (EU). Captain Abhinav Kamal, the Indian-origin captain of crude oil tanker Argent also faces sanctions, the first and the only Indian to be sanctioned by the EU in connection with the Russia-Ukraine conflict, according to sector watchers. The company is under fire for providing cover to ships engaged in trade with Russian sanctions are not extraterritorial and only apply to EU citizens, territory and companies. The Indian government too maintains it does not subscribe to any unilateral sanction measures."This means the assets that Intershipping Services LLC holds in Europe will be frozen and European citizens and companies cannot make money available to it, hence cannot do business," an EU official told ET on condition of anonymity. Since the sanctions do not apply to any non-EU entities doing business with Intershipping Services Hub, the company can court non-EU suitors, said the people cited earlier. However, Kamal may find the going tough since the global maritime industry has vast linkages with the EU, they said. Now, Kamal cannot board or provide services to any of these EU associated vessels. The bloc has accused Kamal of providing material, technical or financial support to the operations of a vessel that transports Russia-linked crude oil or petroleum products.
Time of India
2 hours ago
- Time of India
EU sanctions Indian arm of UAE-based shipping company
Intershipping Services Hub Private Ltd , the Indian branch of the United Arab Emirates (UAE)-based entity, has been sanctioned by the European Union (EU). Captain Abhinav Kamal , the Indian-origin captain of crude oil tanker Argent also faces sanctions, the first and the only Indian to be sanctioned by the EU in connection with the Russia-Ukraine conflict , according to sector watchers. The company is under fire for providing cover to ships engaged in trade with Russian entities . The sanctions are not extraterritorial and only apply to EU citizens, territory and companies. The Indian government too maintains it does not subscribe to any unilateral sanction measures. "This means the assets that Intershipping Services LLC holds in Europe will be frozen and European citizens and companies cannot make money available to it, hence cannot do business," an EU official told ET on condition of anonymity. Since the sanctions do not apply to any non-EU entities doing business with Intershipping Services Hub, the company can court non-EU suitors, said the people cited earlier. However, Kamal may find the going tough since the global maritime industry has vast linkages with the EU, they said. Now, Kamal cannot board or provide services to any of these EU associated vessels. The bloc has accused Kamal of providing material, technical or financial support to the operations of a vessel that transports Russia-linked crude oil or petroleum products.
New Indian Express
3 hours ago
- New Indian Express
Delhi HC grants relief to 1993 plane hijack convict in plea against denial of premature release
Delhi High Court on Saturday set aside the decision of the sentence review board (SRB) denying premature release to a man convicted for hijacking an Indian Airlines domestic flight in 1993. Remanding back the matter to SRB for a fresh consideration, Justice Sanjeev Narula observed that the convict's conduct in jail indicated elements of reformation. "It is evident that the impugned decision of the SRB suffers from inadequacy of reasoning and non-consideration of relevant materials, including judicial observations bearing upon the petitioner's conduct and reformation. Thus, the said decision cannot be sustained," the high court said in its July 7 order. The convict, Hari Singh, was given life imprisonment for the offences under Section 4 of the Anti-Hijacking Act, 19821 as well as Sections 353, 365 and 506(II) of the Indian Penal Code, 1860. Singh had reportedly hijacked the plane to protest against the demolition of the Babri Masjid and the subsequent communal violence that engulfed the country. He was convicted by the trial court in 2001. His appeal was rejected by the high court in 2011, and the special leave petition was withdrawn from the Supreme Court.
