EU Readies More Sanctions on Russia’s Shadow Fleet by Year’s End
- New sanctions to target tankers shipping Russian oil
- Another broader package planned before anniversary of invasion
Multiple rounds of US, UK and EU sanctions have already targeted dozens of tankers, as well as ships and services used to move Russian crude.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
The European Union is working on a new package of sanctions aimed at targeting the shadow fleet of tankers Russia is using to get its oil to market, according to people familiar with the matter.
The package, which the bloc aims to approve before the end of year, is also expected to include penalties against individuals involved in the trade. Member states are still negotiating the details of the sanctions, which need to be approved unanimously by the 27 member states.