More Russian Shadow Fleet Sanctions On The Way, EU Official Says
EU foreign ministers last week stressed that the bloc should prioritize new designations of Russian shadow fleet ships and their operators in future Russia-related sanctions packages, according to an EU summary of a Nov. 20 Foreign Affairs Council meeting. "Ministers shared the opinion that going after Russia's shadow fleet should remain a priority for the EU and that work on imposing further restrictive measures on the shadow fleet should continue."
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Kaja Kallas, the European Commission's foreign affairs chief and president of the Foreign Affairs Council, said trade data shows that sanctions against Russia's shadow fleet are working. "The export of Russian crude oil is the lowest it has been in months. Russian tax revenues from oil are the lowest since the war started," she said. "Sanctions are hitting Russia hard and more are coming."