EU Weighs New Sanctions on Russian Banks, Energy Firms, and Crypto Platforms
The European Union is preparing its 19th round of sanctions since the Russia-Ukraine war began in 2022. Measures could target six Russian banks, energy companies, and cryptocurrency trading platforms. EU aims to coordinate sanctions with the United States, with officials set to meet in Washington this week. The European Union is considering a fresh sanctions […]
Europe’s sanction move on Iran is a serious threat to tanker markets
The United Kingdom, France, and Germany have initiated a 30-day process to re-implement United Nations sanctions against Iran. This action, includes restrictions on oil exports, financial transactions, and maritime transport. These sanctions were originally suspended under the 2015 nuclear deal, and their re-implementation is a response to Iran’s increased uranium enrichment activities. This move is […]
EU Lifts Sanctions on 3 LNG Tankers
The European Commission has announced the lifting of sanctions on three tankers operated by Japan’s Mitsui O.S.K. Lines. This decision came after receiving commitments that these vessels would cease their activities involving Russian-sourced LNG. The sanctions had been imposed on the tankers North Moon, North Ocean, and North Light, which were transporting cargo from the […]
Ship registry and 105 vessels among entities listed in EU’s latest Russian sanctions
The European Union officially rolled out its 18th sanctions package, overcoming opposition from Slovakia. The sanctions are aimed squarely at crippling Moscow’s revenue streams and tightening the noose on its shadow fleet of sanctioned tankers Under the new measures, the oil price cap for Russian crude will be tightened—reduced to roughly $47–$48 per barrel, or […]
EU lifts economic sanctions on Syria, following US move
The European Union has lifted economic sanctions on Syria in a bid to help the war-torn country’s recovery, the 27-nation bloc’s foreign policy chief Kaja Kallas has said, offering the nation another critical lifeline after the ouster of Bashar al-Assad. “We want to help the Syrian people rebuild a new, inclusive and peaceful Syria,” Kallas […]
Maximum amount of corporate fine to rise due to national implementation of Sanctions Criminalisation Offences Directive
New legislation that enters into force roday (20th May, 2025) will implement the Sanctions Criminalisation Directive of the European Union in Finland. The purpose of the Directive is to ensure that offences against sanctions are punishable in all EU Member States and that the related national penal provisions meet a common minimum level. The Criminal […]
EU finalizes 17th sanctions package against Russia
The new measures, approved on the eve of a possible face-to-face meeting between Putin and Zelensky, focus mainly on Moscow’s “ghost fleet,” effectively extending the restrictions already in place to more vessels, individuals, and entities linked to the Kremlin’s war effort. The ambassadors of the 27 member states finalized the 17th package of sanctions against […]
Three individuals added to EU sanctions list for malicious cyber activities against Estonia
The European Council adopted additional restrictive measures against three Russian individuals responsible for a series of cyberattacks carried out against the Republic of Estonia in 2020. The individuals listed are officers of the General Staff of the Armed Forces of the Russian Federation (GRU) Unit 29155. The cyber-attacks granted attackers unauthorized access to non-public information […]
EU will sanction 9 individuals in Congo
European Union is expected to sanction nine individuals in connection with violence in the Democratic Republic of Congo. The sources close to the list did not identify those who would be listed because of the practice of not disclosing such details before sanctions are formally approved. EU foreign ministers are expected to approve the sanctions. […]
EU to remove 4 Russian nationals from sanctions list
Hungary lifted its objection to the EU’s renewal of sanctions on Russian individuals and entities after several names were taken off the list. After a week of haggling, EU ambassadors reached a compromise over the six-month extension of the EU’s individual sanctions framework after Budapest removed its blockage. Hungary had initially sought to remove eight […]