Sanctions

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 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.

Discussions with the G7 countries on maritime sanctions have been ongoing all week, and have caused a delay in the announcement of the 20th package of EU sanctions against Russia.

President of Ukraine Volodymyr Zelenskyy stated the need to strengthen the counteraction to the Russian tanker fleet, which “uses European jurisdictions.” Zelenskyy said this during an evening address. According to him, Russia continues to use international jurisdictions and cover companies. During 2025 alone, Russia attracted more than 122 vessels under the control of European legal owners and…

The President of Ukraine has signed a decree on the introduction of sanctions against companies that service the Russian tanker fleet and transport oil.

In the US, the Senate Foreign Relations Committee approved a bipartisan bill that should introduce tougher liability for sanctioned vessels carrying Russian oil.

The statement was made public on February 1 after the new price ceiling for Russian oil of $44.10/barrel came into effect.

The expected measures include a ban on any maritime services that facilitate the operation of vessels under false flags.

The captain of the Grinch tanker, which is linked to the Russian shadow fleet, has been released from arrest in France. At the same time, the vessel remains at anchor near Marseille under the protection of the Navy, while the investigation is ongoing.