Sanctions

The Union of Ukrainian Organizations of Australia has announced a protest in Sydney, demanding that the authorities and businesses stop the import of petroleum products originating from Russia.

Ukrainian Prime Minister Yulia Svirydenko has called on international partners to expand sanctions against Russia’s “shadow fleet.”

The Sanctions Summit was held in Kyiv, where the fight against the so-called shadow fleet of the Russian Federation and blocking of sanctions circumvention schemes were discussed.

Russian oil refineries in Bulgaria and Serbia, which have been hit by sanctions, may change owners.

President of Ukraine Volodymyr Zelenskyy has implemented the decision of the National Security and Defense Council (NSDC) to impose new sanctions against 56 sea vessels.

Oil tanker charter rates have risen to their highest level in five years as buyers look for alternatives to Russian oil.

In just nine months of this year, the number of ships under false flags has doubled.

It is expected that a significant reduction in the Kremlin’s oil revenues will be recorded already in December of this year.

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.