Sanctions

Gitanas Nauseda called for the maximum expansion of sanctions against Russian banks, energy companies and ships that circumvent restrictions.

The President of Ukraine stressed that blocking Russian schemes to circumvent oil restrictions is the key to stopping the war.

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

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

The Danish Prime Minister said that only tough economic pressure will force the Kremlin to sit down for real peace talks.

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.

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.