EU sanctions on russia – Artifex.News https://artifexnews.net Stay Connected. Stay Informed. Tue, 25 Jun 2024 05:50:27 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://artifexnews.net/wp-content/uploads/2023/08/cropped-Artifex-Round-32x32.png EU sanctions on russia – Artifex.News https://artifexnews.net 32 32 EU targets Russia’s ‘ghost fleet’, expresses concern over its ‘hybrid attacks’ https://artifexnews.net/article68330587-ece/ Tue, 25 Jun 2024 05:50:27 +0000 https://artifexnews.net/article68330587-ece/ Read More “EU targets Russia’s ‘ghost fleet’, expresses concern over its ‘hybrid attacks’” »

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Secret shipment: The EU estimates around 6 billion cubic metres of Russian LNG was shipped via the bloc’s ports last year.
| Photo Credit: Reuters

The European Union (EU) on June 24 slapped new sanctions on Russia over its war on Ukraine, targeting Moscow’s shadow fleet of tankers moving liquefied natural gas (LNG) through Europe.

At a meeting in Luxembourg, where the sanctions were endorsed, EU Foreign Ministers also expressed concern about a rise in hybrid attacks by Russia — including allegations of election interference, cyber-attacks and sabotage.

In an effort to push Russia into using more costly routes for energy purposes, the EU will “forbid reloading services of Russian LNG in EU territory for the purpose of transshipment operations to third countries,” the Ministers said in a statement.

The EU estimated that about 4-to-6 billion cubic metres of Russian LNG was shipped via EU ports last year. Russia is suspected of running a “ghost fleet” of up to 400 ships to evade sanctions and keep up the flow of energy earnings so that it can finance the war.

The measures will target ship-to-ship and ship-to-shore transfers as well as reloading operations. It also involves a crackdown on the re-export of LNG via the EU, plus a ban on new investments to help Russia complete LNG projects it is working on.

Scores of new “entities” — often companies, banks, and other agencies — were also added to the EU’s list, including some in China, Turkey and the United Arab Emirates. Many are accused of circumventing the bloc’s sanctions or providing sensitive equipment to Russia.

Targeted entities

More than 50 officials were also being targeted with asset freezes, as well as travel bans. Russia’s President Vladimir Putin, Foreign Minister Sergey Lavrov and scores of lawmakers and oligarchs are among more than 1,700 people already listed by the EU.

Over 400 entities previously hit include companies working in the military, aviation, shipbuilding and machinery sectors, the Wagner mercenary group, political parties and banks.

As they arrived for the meeting, some Ministers insisted that action must be taken to end hybrid attacks in Europe by Russia that take place in a “grey zone” just below the threshold of military action which are aimed at destabilising Ukraine’s backers.

Finnish Foreign Minister Elina Valtonen said that “there’s a plethora of actions they have been undertaking against European countries.”

Finland has closed border crossings with Russia, blaming the Kremlin for an orchestrated campaign exploiting migrants.

“There is no observer status in Europe anymore to Russia’s aggression. We are all victims of Russia’s aggression,” she said. “It is crucial that we keep on aiding Ukraine because Russia only understands power.”

Her Lithuanian counterpart, Gabrielius Landsbergis, said there is “ample evidence” of malign activity by Russia.

“Unfortunately, I don’t think that we are yet sending the right message,” he said. “Moscow has to get a very clear message that whenever they escalate, they will receive an answer from our side.”



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