Sanctions

Lithuanian President: EU must strike at Russia’s “shadow fleet” and the Kremlin’s entire energy sector
Gitanas Nauseda called for the maximum expansion of sanctions against Russian banks, energy companies and ships that circumvent restrictions.

The world must strike at the “shadow fleet” to stop the war, — Zelenskyy
The President of Ukraine stressed that blocking Russian schemes to circumvent oil restrictions is the key to stopping the war.

Switzerland imposes sanctions against 189 Russian vessels
Official Bern has joined the 17th package of EU sanctions against Russia, imposing sanctions against almost 200 vessels and dozens of individuals and organizations.

Russian shipowner plans to challenge EU sanctions in court
Russia’s largest shipping company, Sovcomflot, suffered a net loss of $393 million in the first quarter.

Denmark calls for new sanctions against Russia: “shadow fleet”, banks and a complete rejection of oil
The Danish Prime Minister said that only tough economic pressure will force the Kremlin to sit down for real peace talks.

Office of the President: New EU sanctions package against Russia should specifically cover the “shadow fleet”
The Office of the President emphasized that the 18th package of EU sanctions against the Russian Federation should cover the energy sector, the so-called “shadow fleet” and the banking sector.

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

MOL asks Japan for help amid EU sanctions against Russian LNG vessels
The company has appealed to the Japanese government for help after the EU imposed sanctions on three of its tankers carrying Russian LNG.

EU considering lowering “price ceiling” for Russian oil to $45, but no decision yet
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.

Russian Sovcomflot suffered losses of almost $400 million due to sanctions
Russia’s largest shipping company, Sovcomflot, reported a net loss of $393 million in the first quarter.