The European Union foreign ministers have approved new sanctions on Russia amid the third anniversary of the start of the war in Ukraine, the European Council said in a statement on Monday.
“This new round of sanctions not only targets the Russian shadow fleet but those who support the operation of unsafe oil tankers, videogame controllers used to pilot drones, banks used to circumvent our sanctions, and propaganda outlets used to spout lies,” EU High Representative for Foreign Affairs and Security Policy Kaja Kallas stated.
The Council revealed that the new sanctions target 48 individuals and 35 entities threatening Ukraine’s territorial integrity and independence. Additionally, the EU sanctioned 13 regional banks and 74 vessels originating from third countries said to be part of Russian President Vladimir “Putin’s shadow fleet circumventing the oil price cap mechanism.” Finally, eight Russian media outlets have been banned from broadcasting in the EU.
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These are significant sanctions. Further stymieing the ability of the Russians to bank, get insurance, move, load, unload and sell the black Mike Market oil that is the life blood of their war effort. these sanctions on Russia’s shadow fleet this the potential of removing significant black black market oil from the market. Please note conveniently these turn of events are being ignored by the oil market. it’s something I believe they’ll regret because there is no peace in the valley. There is no plan that removes Russian sanctions. There is no peace in the Ukraine. And right now they’re basically carving slicing and dicing Ukraine into tiny little pieces. Russia seizing territorial. The European seizing their agricultural industry. And trump demanding his pound of flesh including a gallon of blood to take their minerals. None of this is conducive for for a peace deal despite the PR spin