The European Commission has presented the twentieth sanctions package against the Russian Federation, among the key points of which is a complete ban on providing transportation services for Russian crude oil. These restrictions are to be implemented in close coordination with international partners following the relevant decision by the G7 countries.
This is reported by Finway
Strengthening Sanctions Against the Russian Maritime Fleet
As part of the new sanctions package, an additional 43 vessels have been added to the list of sanctioned ships. Thus, the total number of vessels subject to restrictions has increased to 640. The European Commission also announced new measures aimed at complicating Russia’s acquisition of tankers to increase the so-called “shadow fleet.”
“We are also making it more difficult for Russia to acquire tankers for use in the shadow fleet and are adding radical bans on providing maintenance for tankers and LNG icebreakers for future gas export projects. This complements our ban on LNG imports, agreed upon with the 19th package,” the EC added.
Additional Import and Export Restrictions
The new sanctions package includes restrictions on the import of metals, chemicals, and critical minerals that were previously not subject to sanctions. The total value of these goods exceeds 570 million dollars. Additionally, further export restrictions are being imposed on goods and technologies that could be used for military purposes, including materials for the production of explosives.
The European Commission is also proposing to establish a quota on the import of ammonia to limit its supply from the Russian Federation. The export of any computer numerical control machines and radio stations to countries with a high risk of re-exporting these products to the Russian Federation is prohibited.