As the European Union (EU) continues to take steps to constrain Russia’s revenue streams and energy export capacity to bring the Ukraine crisis to an end, it has rubber-stamped a new raft of sanctions against the country, expanding its crackdown on the Russian energy industry and widening the net around the shadow fleet with 46 more vessels added to the listed pool.
Illustration; Source: Novatek
The European Commission has welcomed the adoption of the 20th package of sanctions against Russia by EU Member States, which puts further pressure on Russia to engage in negotiations on terms acceptable to Ukraine. The new sanctions are said to have a strong anti-circumvention angle and include energy measures, as
