Abroad

Athens and Valletta fear that replacing the “price ceiling” mechanism with a complete ban on maritime and insurance services could hit shipping.

The Russian oil and gas corporation planned to diversify its business through grain trading in Dubai, but US sanctions thwarted the project before operations could begin.

Tankers carrying Russian oil are increasingly naming Singapore as their official destination, which does not import Russian oil.

The European Union is proposing to expand sanctions against Russia and impose sanctions on Russian oil for the first time, with restrictions on ports in third countries.

The UK is planning to set up a headquarters to monitor and intercept Russian “shadow fleet” vessels.

The European Union has changed its assessment of market risks and is considering a proposal to completely ban maritime services for Russian oil tankers as a strengthening of existing restrictions.

Despite sanctions, EU shipowners remain key players in Russian oil logistics.

Russia has reported a collision between two ships in the Gulf of Finland. Both dry cargo ships were heading to the Russian port of Ust-Luga.

The Indian Coast Guard has seized three “shadow fleet” vessels on suspicion of being involved in oil smuggling.

London is considering military options to intercept “shadow fleet” vessels as the Kremlin’s revenues fall and sanctions pressure mounts.