logo
EU, UK impose new sanctions on Russia's shadow fleet of oil tankers

EU, UK impose new sanctions on Russia's shadow fleet of oil tankers

The European Union on Tuesday agreed to impose fresh sanctions on Russia, notably targeting almost 200 ships from the shadow fleet illicitly transporting oil to skirt Western restrictions put in place over Moscow's war in Ukraine.
The 27-nation bloc targeted 189 ships in all, and imposed asset freezes and travel bans on several officials as well as on a number of Russian companies. The measures were endorsed by EU foreign ministers in Brussels.
EU foreign policy chief Kaja Kallas said that while President Vladimir Putin feigns interest in peace, more sanctions are in the works. Russia's actions and those who enable Russia face severe consequences.
Russia uses its shadow fleet of ships to transport oil and gas, or to carry stolen Ukrainian grain. The EU has now targeted almost 350 of the ships in total.
The new measures are not obviously linked to Russian delays in agreeing to a ceasefire. Work on the measures began in the days after the last package was finalised three months ago.
Ukrainian officials have said that the shadow fleet involves around 500 aging ships of uncertain ownership and safety practices that are dodging sanctions and keeping the oil revenue coming.
Ratings agency S and P Global and the Kyiv School of Economics Institute, a think tank, have put the number at over 400 ships that can transport oil, or products made from crude such as diesel fuel and gasoline.
Vessels from the shadow fleet have also come under suspicion of damaging undersea cables, particularly in the Baltic Sea. Finnish police on December 26 seized the Eagle S, a tanker they said was part of the dark fleet, on suspicion it used its anchor to damage the Estlink 2 undersea power cable that supplies electricity from Finland to Estonia.
The EU also said that it targeted people and companies, including an insurer, that make it possible for the shadow fleet to operate, hitting interests in the United Arab Emirates, Turkey and Hong Kong.
In parallel, the UK targeted the shadow fleet in a raft of 100 new sanctions that it said are aimed at ramping up pressure on the Kremlin.
In a statement on Tuesday, Britain's Foreign Office said the sanctions will hit entities supporting Russia's military, energy exports and information war, as well as financial institutions helping to fund its war against Ukraine.
It added that the sanctions will target the supply chains of Russian weapons, including Iskander missiles which have been fired into civilian areas in Ukraine during the war. The UK will also sanction 18 more ships in the shadow fleet carrying Russian oil.
Putin's latest strikes once again show his true colors as a warmonger, Foreign Secretary David Lammy said. We urge him to agree a full, unconditional ceasefire right away so there can be talks on a just and lasting peace.
The EU has slapped several rounds of sanctions on Russia since President Vladimir Putin ordered his troops into Ukraine on February 24, 2022. Around 2,400 officials and entities often government agencies, banks and organisations have been hit.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Germany plans rapid bunker expansion amid fears of Russian attack
Germany plans rapid bunker expansion amid fears of Russian attack

First Post

timean hour ago

  • First Post

Germany plans rapid bunker expansion amid fears of Russian attack

Currently, only around 580 of Germany's 2,000 Cold War-era bunkers and protective spaces remain operational, with most requiring multimillion-euro upgrades. These facilities could accommodate approximately 480,000 people—just 0.5 per cent of the German population read more Germany is planning to swiftly expand its network of bomb-proof bunkers and shelters, according to the government's most senior civil protection officer, who warns that the country must be prepared for a Russian attack within the next four years. Ralph Tiesler, head of the Federal Office of Civil Protection and Disaster Assistance (BBK), said that Europe's largest economy must face the reality of potential conflict, and that Germany is currently unprepared. 'For a long time, there was a widespread belief in Germany that war was not a scenario for which we needed to prepare,' he told Süddeutsche Zeitung. 'That has changed. We are concerned about the risk of a major war of aggression in Europe.' STORY CONTINUES BELOW THIS AD Tiesler called for a nationwide effort to identify and convert tunnels, underground stations, car parks, and cellars of public buildings into protective shelters in order to 'quickly create space for 1 million people'. He said his agency would submit a complete plan later this summer. He added that Germany was in a race against time and that building new bunker facilities alone would not suffice. Such construction would be both time-consuming and costly. Therefore, existing structures must be assessed and adapted without delay. Russia's escalating invasion of Ukraine has triggered concern in neighbouring countries, particularly the Baltic states, as well as in Poland and Germany, that Moscow could open new fronts across Europe. Currently, only around 580 of Germany's 2,000 Cold War-era bunkers and protective spaces remain operational, with most requiring multimillion-euro upgrades. These facilities could accommodate approximately 480,000 people—just 0.5 per cent of the German population. In contrast, the BBK noted that Finland possesses 50,000 protection rooms, enough to shelter 4.8 million people, or 85 per cent of its population. Tiesler also stressed the need to improve public information systems—including mobile apps and road signs—to clearly direct people to nearby shelters. He called for upgrades to Germany's warning sirens and better cybersecurity for existing alert apps. He urged Chancellor Friedrich Merz's government to ensure adequate funding for the BBK's proposals. Although the plans have been deemed necessary, funds have yet to be legally allocated. It is expected that resources from the billions released following the parliament's suspension of Germany's debt ceiling in March will be directed towards major investments in the military, critical infrastructure such as roads and bridges, and civil defence. STORY CONTINUES BELOW THIS AD

Myanmar Arrests Six-Year-Old Girl Over Killing Of General
Myanmar Arrests Six-Year-Old Girl Over Killing Of General

NDTV

timean hour ago

  • NDTV

Myanmar Arrests Six-Year-Old Girl Over Killing Of General

Myanmar authorities have arrested 16 people including a six-year-old girl over the assassination of a retired general shot dead in Yangon last month, state media said. Cho Tun Aung, a former ambassador to Cambodia, was gunned down outside his home on May 22 in an attack claimed by an anti-junta group calling itself the "Golden Valley Warriors". Myanmar's military seized power in a 2021 coup, plunging the country into a complex, multi-sided civil war involving pro-democracy guerrillas and resurgent ethnic minority armed groups. Most fighting is confined to the countryside and smaller towns but grenade and gun attacks on junta-linked targets are regularly reported in Yangon, Myanmar's largest city and commercial hub. The Global New Light of Myanmar newspaper said 16 members of the Golden Valley Warriors -- 13 men and three females -- had been arrested in various locations. Those held include the wife and six-year-old daughter of the suspected shooter, identified as Myo Ko Ko, the state-run newspaper said, without explaining what the girl is accused of. The report said Myo Ko Ko and another suspect rode to the general's home on bicycles and shot him before fleeing to a safe house. The junta has suffered significant territorial setbacks in recent months but analysts say it is far from defeat, with a powerful air force supplied with Russian jets and military backing from China.

Govt Imposes Anti-Dumping Duties On Vitamin A, Rubber Chemical Imports From China, Japan, EU
Govt Imposes Anti-Dumping Duties On Vitamin A, Rubber Chemical Imports From China, Japan, EU

India.com

timean hour ago

  • India.com

Govt Imposes Anti-Dumping Duties On Vitamin A, Rubber Chemical Imports From China, Japan, EU

New Delhi: The Union government has imposed anti-dumping duties on imports of Vitamin-A Palmitate and insoluble sulphur -- a crucial rubber additive -- on China, Japan, Switzerland, and the European Union (EU). The Ministry of Finance, in a notification on June 6, issued the anti-dumping duties for a period of five years unless it is cancelled or revised. It aims to protect domestic manufacturers from low-priced imports that affect the local industry. The move follows an investigation by the Directorate General of Trade Remedies (DGTR) which revealed that the price of Vitamin-A Palmitate imported by these countries was lower than the normal value. The DGTR also noted 'material injury' to domestic producers of Vitamin-A Palmitate due to large-scale dumping from China, the EU, and Switzerland. The compound, commonly used in small quantities, remains heavily import-dependent in India. While Vitamin-A Palmitate is used in pharmaceuticals, food, and cosmetics, insoluble sulphur plays a key role in the rubber industry, majorly in tyre manufacturing. The anti-dumping duties, effective immediately must be paid in Indian rupees based on the exchange rate. It is expected to prevent unfair trade practices and protect local industries. According to the notification, the duties for Vitamin-A Palmitate, range from $0.87 to $20.87 per kg; The highest duty has been imposed on Chinese exporters other than Shangyu NHU BioChem, which will face a lower rate of $14.95/kg. Swiss producer DSM Nutritional Products will attract a duty of $0.87/kg, while other Swiss exporters will face $8.2/kg. A flat rate of $11.09/kg will apply to imports from the EU, the notification stated. Further, depending on the exporter, the duties on insoluble sulphur will range from $259 to $358 per metric tonne. Chinese imports will face a flat duty of $307/MT. Among Japanese companies, Shikoku Chemicals will be charged $259/MT, while all other Japanese exporters will face the maximum rate of $358/MT, the notification said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store