UK’s new sanctions set is targeting Russia’s oil, military, financial networks
Among most high-profile targets are 20 oil tankers linked to what has been referred to as Russian President Putin’s ‘shadow fleet’. The UK announced a fresh package of sanctions against Russia, targeting key sectors of the country’s economy in response to what Downing Street described as President Vladimir Putin’s “continued aggression.” In a statement released, […]
EU prepares sanctions on Chinese banks over Russia ties
According to Bloomberg, The European Union leadership is planning to ban European companies from cooperating with two Chinese banks that have been helping Russia circumvent existing trade restrictions. According to draft documents, financial institutions operating within the European Union will be prohibited from conducting any transactions with two regional Chinese banks located near the China-Russia […]
Report: Japanese firm imports Russian oil via sanctioned tanker
According to Bloomberg report, which is backed by the vessel tracking data a Japanese oil refinery, Taiyo Oil Co., imported Russian crude aboard a tanker subject to U.S. and EU sanctions. The refinery received 600,000 barrels of Sakhalin Blend crude that had been transported by the tanker Voyager. The ship loaded the oil on May […]
UK Sanctions Azerbaijan State-Owned Tanker for Shipping Russian Oil
The sanctions on Azerbaijani companies and individuals come as the country is deepening energy ties with the European Union. A tanker sanctioned by the U.K. for shipping oil on behalf of Russia is owned by the government of Azerbaijan, corporate documents show. Targeting a state-owned tanker was a warning to Azerbaijan at a time when […]
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 […]
Hungary Objects to Proposed EU Sanctions on Lukoil Dubai Unit
Hungary raised objections to a European Union proposal to sanction Litasco Middle East DMCC, a Dubai-based trading unit of Russian oil giant Lukoil PJSC, according to people familiar with the matter. According to Bloomberg, EU envoys started debating this week the bloc’s plans for a new package of sanctions on Russia over its full-scale invasion […]
UK sanctions 100 dark fleet tankers
United Kingdom has sanctioned 100 tankers in what it has been called its biggest ever package of sanctions against Russia’s dark fleet. With these new sanctions, the UK says it has sanctioned more dark fleet vessels than any other country. Alongside those vessels targeted are several businesses, including Ro Marine and Soglasie. Ro Marine has […]
Poland sanctions Russian discount supermarket chain
The Polish interior ministry has placed a discount supermarket chain and its Russian owners on the sanctions list. According to Poland’s National Tax Administration (KAS), which filed the sanction request, the company “indirectly supports Russia’s aggression in Ukraine”. Torgservis PL recently returned to Poland with its discount supermarket MyPrice, the first of which opened in […]
Major Dutch shipyard suspected of breaching Russian sanctions
Dutch authorities have initiated criminal proceedings against the nation’s largest shipbuilder, Damen Shipyards, for allegedly violating Russian sanctions established after the invasion of Ukraine. According to The Brussels Times, located in Gorinchem near the Port of Rotterdam, Damen Shipyards is under investigation for corruption, forgery, and money laundering, as well as for breaking sanctions tied […]
Russia blacklists 21 UK lawmakers over sanctions, anti-Moscow rhetoric
Foreign Ministry of Russia says move comes in the wake of hostile remarks from British parliamentarians, including calls to seize frozen Russian assets Russia announced that it has blacklisted 21 British lawmakers in retaliation for the UK’s ongoing sanctions and rhetoric against Moscow. In an official statement, the Foreign Ministry described London’s policy toward Russia […]