The European Union has unveiled its 12th package of sanctions against Russia, with tankers very much included in the set of restrictions.
The new sanctions call for notification rules for the sale of tankers to any third country in order to make more transparent their sale and export, in particular in the case of secondhand carriers that could be used to evade the import ban on Russian crude or petroleum products and the G7 price cap.
The European Council is introducing tighter compliance rules to support the implementation of the oil price cap and clamp down on circumvention. Furthermore, a strengthened information sharing mechanism will allow better identification of vessels and entities carrying out deceptive practices, such as ship-to-ship transfers used to conceal the origin or destination of cargo and AIS manipulations, while transporting Russian crude oil and petroleum products.
Tags: Crude Oil, EU Rules, Russia
Recent Posts
IMO leads global shipping toward NetZero transition with new regulations
MPA and Bureau Veritas Renew Partnership to Advance Maritime Digitalisation, Decarbonisation, and Talent Development
RINA Grants AIP for Dual Fuel LNG/Hydrogen-Powered Ultramax Bulker Design Developed by Almi Marine Management S.A. and SDARI
NH3 Clean Energy, Pilbara Ports and Oceania Marine Energy sign a Joint Development Agreement for the establishment of lowemissions ammonia bunkering operations
DP World advances green logistics with electric freight expansion at Jebel Ali Port
Yinson GreenTech and RMS Marine Partner to Advance Marine Electrification in Singapore
Two Damen Combi Freighters Launched for Fast Lines Belgium in China
Viking Line Unveils Concept for World’s Largest Fully Electric Passenger-Car Ferry