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Reuters: new EU sanctions against Russia target oil "shadow fleet" and ships carrying North Korean military equipment

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The European Commission is expected to propose sanctions against ships delivering North Korean military equipment to Russia and tankers violating the G7 agreement on the price ceiling for Russian oil.

The European Commission is expected to propose sanctions against ships that deliver North Korean military equipment to Russia, as well as tankers that violate the G7 price ceiling for Russian oil, Reuters reported on Wednesday, citing EU sources, UNN reported.

Details

The European Commission is finalizing its proposal for the 14th package of sanctions against Moscow for its invasion of Ukraine.

Western powers have accused North Korea of supplying weapons, including ballistic missiles and ammunition, to fuel Russia's war machine. In February, the United States said that since September, North Korea has delivered more than 10,000 containers of munitions and related materials.

The European Commission is also reportedly seeking to impose sanctions against oil tankers of the so-called "shadow fleet" that export Russian oil, violating the G7 oil price ceiling.

The document states that 40 companies are expected to be added to the list of persons subject to sanctions. These include Russian companies that purchase equipment for the armed forces, as well as third-country companies that sell electronics, semiconductors and chips used for military purposes to Russia.

Third-country companies are based in the United Arab Emirates, Kyrgyzstan, Turkey, and China and sell equipment of European and American origin to Russia, the document says.

30.01.24, 11:57 • [views_0]

This week, the European Commission is holding informal discussions with EU member states before submitting its proposal to the EU Council for discussion, sources said.

23.04.24, 18:52 • [views_0]