Sanctions
Violation of EU sanctions may be considered a criminal offence
The European Commission proposes to introduce criminal liability for violation of EU sanctions.
Tanker freight is becoming even more expensive due to sanctions
Sanctions against russian oil supplies are likely to further increase tanker freight rates.
Circumvention of sanctions will be considered a crime, the Council of the EU
Today, November 28, the EU Council unanimously decided to add sanctions violations to the list of “EU crimes” included in the Treaty on the Functioning of the Union.
Russian federation uses small firms to circumvent sanctions
The number of small companies that transport russian oil on decommissioned vessels has increased on the world market.
The US imposed sanctions against companies for illegal trade of oil from Iran
The US Treasury announced the introduction of sanctions against 13 foreign companies.
Oil production in russian federation will decrease by 1.4 million barrels due to sanctions
EU sanctions against russian oil and oil products will lead to a significant reduction in production in russia.
Sovcomflot is selling bonds, hoping to survive the sanctions
The sanctioned russian state-owned shipowner Sovcomflot (SCF Group) is planning a second issue of replacement bonds.
“Grain negotiations”: russia is trying to lift sanctions on the state bank
Russian federation is trying to negotiate with Western countries to exempt the state bank from sanctions. Such a request was voiced during the negotiations on the “grain agreement”.
The use of the “shadow fleet” led to an increase in accidents
Russia is actively building up a decommissioned “shadow” fleet to circumvent sanctions; insurers avoid former clients in moscow. As a result, the risk of accidents on outdated “shadow” vessels is increasing.
The russians have found a way to circumvent oil sanctions
Oil and gas company “Lukoil” found an opportunity to circumvent sanctions on russian oil. For this purpose, it uses its capacities in Sicily.
