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Russia's shadow fleet oil exports decrease by 20% by June 30, 2025?
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Story
EU Ambassadors Agree on 15th Sanctions Package Targeting Russia's 'Shadow Fleet'
Dec 11, 2024, 04:15 PM
The European Union has agreed on its 15th package of sanctions against Russia, focusing on the so-called 'shadow fleet' of oil tankers. EU ambassadors, with the announcement from the Hungarian EU Presidency on December 11, have targeted these ships, along with new individuals and entities from third countries supporting Russia's war efforts in Ukraine. This fleet, comprising older and often uninsured vessels, has been utilized by Russia to circumvent the G7 price cap on seaborne oil. The decision reflects the EU's ongoing efforts to tighten economic restrictions on Russia in response to its invasion of Ukraine.
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