The European Union has unveiled its 12th package of sanctions against Russia, with tankers very much included in the set of restrictions.
The new sanctions call for otification rules for the sale of tankers to any third country in order to make more transparent their sale and export, in particular in the case of secondhand carriers that could be used to evade the import ban on Russian crude or petroleum products and the G7 price cap.
The European Council is introducing tighter compliance rules to support the implementation of the oil price cap and clamp down on circumvention. Furthermore a strengthened information sharing mechanism will allow better identification of vessels and entities carrying out deceptive practices, such as ship-to-ship transfers used to conceal the origin or destination of cargo and AIS manipulations, while transporting Russian crude oil and petroleum products. According to the reports published in splash247.com .
“With this 12th package, we are putting forward a robust set of new listings and economic measures which will further weaken Russia’s war machine. Our message is clear, as I already stated when I chaired the informal Foreign Affairs Council in Kyiv: we remain steadfast in our commitment to Ukraine and will continue to support its fight for freedom and sovereignty,” said Josep Borrell, the EU’s High Representative for Foreign Affairs and Security Policy.
