Wednesday, 14 May 2025

The EU approved the 17th package of sanctions against Russia: oil tankers and companies from third countries were included in the list

 

The European Union has officially approved the 17th package of sanctions against Russia, aimed at further limiting the country's economic opportunities in the context of the war in Ukraine. According to the Financial Times, the new measures will affect 149 oil tankers that the EU considers linked to the so—called Russian shadow fleet - vessels used to circumvent the price ceiling for Russian oil.

The purpose of the new restrictions was  to restrict these tankers' access to international financial systems, ports, and insurance, which should complicate energy export schemes that allow Moscow to generate high incomes despite previously imposed Western sanctions.

In addition, the sanctions list includes companies from third countries, including the UAE, Turkey, Serbia, Vietnam and Uzbekistan, suspected of helping Russia circumvent economic restrictions. According to the EU, these companies are involved in the supply of dual-use goods, technologies and components used in the military sphere.

Additional restrictions are also expected on  exports of certain types of goods and technologies, as well as increased control over the transit of goods through the EU.

The approval of the 17th package marks the next stage of the EU's efforts to isolate the Russian economy and reduce its ability to finance military operations.

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