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Fri, Jan

EU Sanctions Target Shadow Fleet

World Maritime

The European Commission has welcomed the EU Council's adoption of the 15th sanctions package against Russia. The focus of this package is to keep cracking down on Russia's shadow fleet.With this package,

The European Commission has welcomed the EU Council's adoption of the 15th sanctions package against Russia. The focus of this package is to keep cracking down on Russia's shadow fleet.

With this package, the EU has, for the first time, imposed ‘fully-fledged' sanctions (travel ban, asset freeze and prohibition to make economic resources available) on various Chinese actors.

The 15th package includes anti-circumvention measures. It targets 52 new vessels from Russia's shadow fleet, increasing the total number of such listings to 79. These vessels (non-EU) are subject to a port access ban and a ban on provision of services. These ships have been found to be engaged in high-risk shipping practices when transporting Russian oil or petroleum products, in arms deliveries, grain theft or supporting the Russian energy sector.

This targeted approach by the EU increases the cost for Russia to use such vessels as they are no longer able to do business-as-usual in the EU or with EU operators. It also reduces the number of vessels in Russia's shadow fleet that are able to carry Russian crude oil. It also tackle the serious maritime safety and environmental risks posed by the often old and under-insured vessels of the shadow

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