Sanctions

The European Union is proposing to tighten restrictions on Russian oil tankers as part of its 15th round of sanctions.

The President of Ukraine reacted to the introduction of the next sanctions by the United Kingdom against the vessels of the so-called shadow fleet of Russia.

Russian tankers that have been hit by new British sanctions have transported billions of pounds worth of oil and petroleum products over the past year.

Russia has supplied more than a million barrels of oil to North Korea since March 2024, likely in exchange for weapons and troops.

The British Sanctions Enforcement Agency has identified cases of the use of fake certificates to circumvent price limits on Russian oil.

In the South China Sea, 60 km off the coast of Malaysia, is the world’s largest “shadow” oil transshipment center.

The EU has imposed sanctions on the Iranian ports of Amirabad and Bandar-e-Anzali on the shores of the Caspian Sea.

The European Parliament has adopted a resolution calling for tougher sanctions against the “shadow fleet” that provides oil exports.

The EU Council of Foreign Ministers will consider introducing new sanctions against Iran for transferring military technology to Russia.

Russian refineries are cutting oil processing or halting production altogether due to financial losses.