Tag: sanctions
These operators were initially suspended from the association in 2022 because of Russia's military aggression against Ukraine.
The rate at which the tankers are being brought back into operation is increasing, with at least seven taking on cargoes in the first ten days of October.
Russia's petroleum product exports rose to around 2.1 million barrels per day last month.
The ship was detained in the Port of Reni, Odesa region, in July 2024.
About 15 tankers have transported crude oil from the Russian ports of Primorsk, Ust-Luga, and Novorossiysk to EU ports since July 2024.
The imports were worth EUR 1.4 billion.
The new sanctions also target individuals and companies in the aviation sector.
By buying steel products from Russia, these producers are essentially financing the war.
Both dry and liquid cargo volumes decreased.
Despite sanctions on other types of steel products, the EU has not imposed restrictions on Russian wheels.
According to investigators, the ship repeatedly docked at the port of Sevastopol during 2023-2024 to load stolen agricultural products.
David Cameron believes it is unacceptable that tankers carrying Russian crude oil are even allowed to approach EU ports.
The EU has already imposed sanctions on metallurgical goods from Russia, but the Kremlin managed to secure quotas for an additional four years.
This generates billions of dollars in profit for Russia.
The confiscated yacht, Royal Romance, has been designated as a Ukrainian state vessel, meaning that it is now the national property of Ukraine and falls under the country’s jurisdiction.
Despite Western sanctions, Russia continues to reap super profits from oil exports.
By the end of the year, the Russians expect to ship 70 million tons of crude oil, which is significantly more than they shipped in 2022.
It recommends that the European Commission improve the European legislation on sanctions compliance in the shipping industry.
The volume of cargo transshipment in Russian ports on the Sea of Azov and the Black Sea decreased slightly, but the volume of cargo transshipment in the port of Novorossiysk increased by 6%.
Improved weather in the Far East facilitated the increase in Russia’s crude oil exports.