The Council of the European Union has announced new restrictive measures against 41 vessels that, according to the EU, are part of Russia's so-called “shadow fleet” of oil tankers. These measures are aimed at further reducing Moscow's revenues from energy exports obtained by circumventing the oil price cap mechanism. According...
Germany, Poland and France push EU to tighten action against Russia’s shadow fleet
European efforts to curb Russia’s shadow fleet will take centre stage at the 20 November meeting of EU foreign ministers, after Germany, Poland and France circulated a set of proposals aimed at closing loopholes that allow sanctioned oil tankers to continue operating. According to one diplomat, the first proposal is...