EU

Any sea transportation of Russian oil involving European services will be legal only if the contract price does not exceed the new threshold.

In the new sanctions package, Finland and Sweden called for a ban on the export of luxury goods to Russia and the servicing of Russian oil tankers.

Canada, the USA and Brazil have taken over the leadership in grain exports to the European Union.

The EU Council announced the expansion of the sanctions lists, adding 41 vessels that are part of the so-called shadow fleet of the Russian Federation.

On Monday, December 15, a decision is to be made on adding another 40 ships of the Russian “shadow fleet” to the EU sanctions list.

Brussels is preparing a new interpretation of the UN Convention on the Law of the Sea, which will expand the possibilities for boarding ships of the Russian shadow fleet.

The EU has already imposed restrictions on more than 550 vessels and is negotiating with the flag states that register these tankers.

EU foreign ministers are discussing the introduction of additional measures against ships and companies that help Russia transport sanctioned oil.

Over the past three years, Ukraine has exported over 190 million tons of cargo through the Lanes of Solidarity and imported over 86 million tons.

The focus of the new restrictions is on the Russian “shadow fleet” and the assets of the oligarchs who sponsor the war.