Feb 9 β€’ 16:00 UTC πŸ‡³πŸ‡΄ Norway Aftenposten

EU Proposal for a New Sanctions Package Against Russia

The EU proposes a 20th sanctions package against Russia, which includes targeting 43 new vessels in the shadow fleet and specific ports in Georgia and Indonesia.

The European Union has put forward a proposal for its 20th sanctions package aimed at Russia, which includes the inclusion of 43 new vessels into the so-called shadow fleet. This fleet comprises ships that Russia allegedly uses to circumvent international sanctions, primarily involving tankers that are often unregulated and uninsured by conventional Western companies. The EU is taking a firm stance on these measures as they aim to weaken Russia's maritime capabilities that evade sanctions.

In addition to targeting the shadow fleet, the EU's proposal also calls for sanctions on two specific ports located in third countries, namely Georgia and Indonesia. These ports are accused of facilitating the export of Russian oil, indicating that the EU is looking to tighten the economic pressure on Russia by disrupting its oil trade routes. Such measures highlight the EU's commitment to fortifying its sanctions regime and addressing loopholes that allow for continued Russian trade.

The proposal also suggests a notable shift in the sanctions list concerning Chinese banks. Instead of maintaining sanctions on two Chinese banks, the EU plans to add banks from Laos, Tajikistan, and Kyrgyzstan, which are accused of aiding Russian authorities in cryptocurrency transactions. This move illustrates the EU's strategic approach in targeting not just Russia but also its global financial partners to mitigate any indirect support provided to the Russian economy through financial channels.

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