EU’s 20th sanctions batch tightens grip on Russia’s oil, gas, LNG and shadow fleet spheres with 632 vessels blacklisted
As the European Union (EU) continues to take steps to constrain Russia’s revenue streams and energy export capacity to bring the Ukraine crisis to an end, it has rubber-stamped a new raft of sanctions against the country, expanding its crackdown on the Russian energy industry and widening the net around the shadow fleet with 46 more vessels added to the listed pool.
The European Commission has welcomed the adoption of the 20th package of sanctions against Russia by EU Member States, which puts further pressure on Russia to engage in negotiations on terms acceptable to Ukraine. The new sanctions are said to have a strong anti-circumvention angle and include energy measures, as well as the activation for the first time of the ‘anti-circumvention’ tool. This package, which targets financial services, including crypto, trade, and media propaganda, encompasses further measures for the protection of EU operators.
The newest package contains 120 additional listings, including 33 individuals and 83 entities, resulting in an asset freeze
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