Sanctions

Despite India’s stated position, tankers under US sanctions continue to deliver Russian oil to Indian refineries.

The company has appealed to the Japanese government for help after the EU imposed sanctions on three of its tankers carrying Russian LNG.

The European Commission, together with key EU member states, is pushing for a reduction in the export price cap for Russian oil from $60 to $45 per barrel.

Russia’s largest shipping company, Sovcomflot, reported a net loss of $393 million in the first quarter.

The European Union has imposed sanctions, in particular, against three vessels that were transporting gas from the Russian Yamal LNG project.

John Ormerod helped Russian oil giant Lukoil create a network of companies in the Marshall Islands.

The new list includes 100 objects, including 18 ships and the Deposit Insurance Agency of the Russian Federation.

The Vice President of the European Commission announced that the EU has approved the 17th package of sanctions against Russia, affecting almost 200 ships of the shadow fleet.

German Foreign Minister Johannes Wadeful has announced plans to step up surveillance of the Russian naval fleet under sanctions after suspicious incidents in the Baltic Sea.

The EU and UK are discussing sweeping sanctions at a summit in Albania over Russia’s stance on the ceasefire in Ukraine.