EU Launches New Sanctions Package Targeting Russia
President of the European Commission Ursula von der Leyen said the package imposes “a full maritime services ban” on Russian crude oil to reduce the country’s energy income. She added, “We are listing 43 more vessels part of the shadow fleet – reaching 640 in total. We also make it more difficult for Russia to acquire tankers to be used for the shadow fleet and add sweeping bans on provision of maintenance and other services for LNG tankers and icebreakers to further dent gas export projects.”
The new sanctions also aim to limit Russia’s banking capabilities and prevent the creation of alternative payment channels. Von der Leyen stated, “We will take measures against crypto currencies, companies trading them and platforms enabling crypto trade, to close an avenue for circumvention. We are also targeting several banks in third countries involved in facilitating illegal trade in sanctioned goods.”
In addition, the EU plans tighter export restrictions to Russia, including bans on goods and services such as rubber, tractors, and cybersecurity support. New import restrictions on metals, chemicals, and critical minerals not previously covered by sanctions are also part of the package.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
