New sanctions package will ban 45 Russian tankers from entering EU ports

The European Union is proposing to tighten restrictions on Russian oil tankers as part of its 15th round of sanctions.

The 15th round of sanctions would list more than 50 individuals and about 30 entities, freeze their assets and impose a travel ban on them to the EU, Bloomberg reported.

The new set of measures, which could be amended, also includes a ban on access to European ports and services for more than 45 Russian oil tankers as the bloc and its allies work to reduce Moscow’s oil revenues and its ability to circumvent a price cap on Russian crude.

Other proposed sanctions would target Russian firms that transport oil.

In particular, the EU is proposing trade restrictions on about 30 entities that help Moscow obtain banned technologies used in or needed to create weapons found in Ukraine. According to the documents, the list includes companies from Russia, Serbia, Iran, India, Thailand, the United Arab Emirates, China and Hong Kong. Some of the Chinese companies to which the EU plans to impose restrictions are already under US and UK sanctions.

It should be noted that the approval of the sanctions requires the support of all 27 EU member states.

Earlier, USM reported that Britain imposed sanctions against 30 Russian shadow tankers. Over the past year, the vessels transported billions of pounds worth of oil and petroleum products.