EU to Permit Sale of Russian Oil Seized from"Shadow Fleet" Tankers
- The European Union has included a provision in its new 21st package of sanctions against Russia that allows member states to sell Russian oil and other cargo seized from vessels belonging to Russia’s so-called “shadow fleet.
- ”According to Euractiv, once the sanctions package is formally approved, EU member states will be authorized to confiscate cargo carried by ships transporting Russian oil in violation of EU sanctions and the G7 price cap.
- The authorities may then sell the seized oil and other cargo.
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- The European Union has included a provision in its new 21st package of sanctions against Russia that allows member states to sell Russian oil and other cargo seized from vessels belonging to Russia’s so-called “shadow fleet.
- ”According to Euractiv, once the sanctions package is formally approved, EU member states will be authorized to confiscate cargo carried by ships transporting Russian oil in violation of EU sanctions and the G7 price cap.
- The authorities may then sell the seized oil and other cargo.
Sources: Militarnyi