The European Union is developing its 18th sanctions package against the Russian Federation, which includes restrictions on nine individuals and 33 legal entities. This was reported by Baltimore Chronicle with reference to Radio Liberty.
According to the source, the new measures are aimed at reducing Russia’s revenue from energy exports and limiting the operation of its military-industrial complex. Several companies that operate or support the so-called “shadow fleet” of vessels used by Russia and third countries to bypass international restrictions may be targeted by the sanctions.
In addition, the sanctions list may include:
- the captain of a vessel from the shadow fleet that is already under EU sanctions;
- two international oil trading networks based in the United Arab Emirates, accused of supporting Russia’s oil sector;
- two Chinese companies that provide dual-use goods employed on the battlefield in Ukraine, directly contributing to Russian military operations.
One of the key proposals in this 18th package is to reduce the price cap on Russian oil exports — from the current $60 to $45 per barrel.
Since the start of Russia’s full-scale invasion of Ukraine, Western countries have systematically imposed sanctions covering the financial, energy, military, and technology sectors. These measures are intended to restrict the aggressor’s economic capabilities and hinder the continuation of its military aggression.
Earlier we wrote that Nausėda accuses West of failing to enforce sanctions against Russia.