EU Parliament calls for tougher sanctions against Russia's shadow fleet
www.pravda.com.ua
Thu, 14 Nov 2024 19:38:50 +0200
The European Parliament passed a resolution on 14 November, urging the EU to impose targeted sanctions on Russias socalled shadow fleet, which enables the country to sell oil while circumventing Western price caps.
Source European Parliament statement, as reported by European Pravda Details The resolution calls for restrictions on all vessels in Russias shadow fleet as well as their owners, operators, managers and associated accounts, banks and insurance providers.
It also demands systematic sanctions against vessels operating in EU waters without insurance and suggests deploying drones and satellites to track such ships.
Among other measures in the resolution are provisions to confiscate illicit cargo from shadow fleet vessels and to cease all imports of Russian fossil fuels into the EU.
At the end of 2022, the EU, together with the Group of Seven, banned all seaborne imports of Russian oil and, along with its G7 allies, capped the international trade price of Russian oil at US60 per barrel.
However, according to research by the Centre for Research on Energy and Clean Air, around 80 of Russian seaborne oil is now transported by a shadow fleet of vessels that cannot be tracked by the West.
There are additional concerns that the outdated tankers in Russias shadow fleet are prone to leaks and pose a potential environmental hazard near the EU.
Background Media sources indicate that the next EU sanctions package against Russia will focus specifically on the shadow fleet.
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