Australia tightens sanctions against Russian oil and “shadow fleet”

Australia tightens sanctions against Russian oil and “shadow fleet”


Canberra has lowered the price ceiling for Russian oil to $47.60 per barrel and added 95 more ships to the sanctions list.

Australia has announced a new package of measures aimed at reducing the Kremlin’s income from energy exports. This was announced by Foreign Minister Penny Wong.

The government has lowered the price ceiling for oil from $60 to $47.60 per barrel to reduce the market value of Russian raw materials and limit the financing of the Russian military economy.

In addition, 95 more ships from the so-called “shadow fleet” involved in the illegal transportation of oil have been sanctioned. From now on, Australia’s restrictions cover more than 150 such vessels.

According to the Foreign Ministry, they use fraudulent methods – changing the flag, disabling tracking systems and operating without proper insurance, which poses a threat to maritime safety and the environment.

Canberra is acting in coordination with the EU, the UK, Canada, Japan and New Zealand, while maintaining a complete ban on imports of Russian oil and petroleum products.

Since the start of Russia’s full-scale invasion, Australia has already imposed more than 1,600 sanctions. The government emphasizes that the restrictions will remain in place until Moscow ends the war and withdraws its troops from Ukraine.

As USM reported, Australia previously imposed sanctions on the board of directors of Sovcomflot.