BRUSSELS – The European Union has implemented four new sanction packages against Russia, marking the 17th round of sanctions targeting the country’s “secret fleet” of tankers, as well as addressing issues related to chemical weapons, human rights violations, and hybrid threats, according to an announcement from the European Commission.
The new sanctions aim to block the sale of Russian oil to third countries that utilize Western insurance services, provided the oil is priced at or below $60 per barrel. These four packages will impact over 130 entities and individuals. Within the 17th package alone, 75 new entities will be added to the sanctions list, including the major Russian oil company Surgutneftegaz, a ship insurance company, and four fleet management firms based in the United Arab Emirates, Turkey, and Hong Kong.
Additionally, 189 vessels have been newly included on the sanctions list, with 183 of them being oil tankers, bringing the total number of sanctioned vessels to 324. This package also intensifies restrictions on the sale of dual-use goods and identifies entities in China, Belarus, and Israel that are providing assistance to Russia’s military-industrial complex. (May 20)
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