EU to impose new sanctions against Russia’s oil refining and "shadow fleet" – EC
On November 16, the European Union plans to impose new sanctions against Russian oil refineries and entities linked to the "shadow fleet." At the same time, the European Commission is preparing its 22nd package of restrictions
This was stated by European Commissioner for Finance Maria Luís Albuquerque, according to Censor.NET, which cites the European Parliament.
Crude Oil
Yes, new oil refineries will be added to the sanctions list.
"On Monday (November 16), EU foreign ministers are expected to adopt additional sanctions lists targeting oil refineries and the (Russian) shadow fleet ecosystem."
"This is yet another round of tough sanctions designations aimed at countering the malicious efforts of those who support Russia's war of aggression and profit from it," Albuquerque said.
She noted that, at the same time, the European External Action Service and the European Commission are finalizing proposals for a new, 22nd round of sanctions against Russia.
"The Shadow Fleet"
"To date, the EU has added more than 690 shadow fleet vessels to its sanctions lists, barring them from accessing EU ports and receiving services.
"We have cut off significant parts of the Russian financial sector, forcing it to rely on alternative payment channels, and have introduced measures to restrict those as well. We have now imposed a ban on transactions involving more than 100 Russian banks," the European Commissioner noted.
According to her, the sanctions are working and have cost Russia more than 1 trillion euros—money it had planned to spend on the war.
She also stated that the European Union will continue to coordinate its sanctions policy with international partners, particularly within the G7, in order to enhance the effectiveness of the restrictions and prevent them from being circumvented.
