Foreign ministers of the member states of the European Union are expected to adopt further individual sanctions against Russia on Monday. The measures are to concern persons and legal entities linked to Russian oil refineries and the so-called shadow fleet. hnonline.sk ↗
According to information available so far, the prepared package is also to affect the financial sector. Among the proposed measures are sanctions against banks that have a connection to Russian activities circumventing existing restrictions. forum24.cz ↗
The shadow fleet refers to a network of ships used to transport Russian oil outside of normal control mechanisms. The European Union is targeting it as part of efforts to limit the revenues that Russia can use to finance the war against Ukraine.
The sanctions are intended to be individual in nature, meaning they will target specific persons and legal entities. Their adoption will be the subject of negotiations among the foreign ministers of the member states. Details of the exact list of sanctioned entities, as well as the scope of the restrictions, have not yet been disclosed.
The expected decision would expand the European Union's existing sanctions regime against Russia. The main areas of the new measures are to be the oil industry, banks, and shipping linked to the shadow fleet.
EU prepares further individual sanctions against Russia
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