EU adopts new sanctions targeting Russian oil traders and shadow fleet
The European Union adopted fresh sanctions against Russian oil interests on Monday, targeting traders MurtazaLakhani and Etibar Eyyub for helping Moscow to circumvent Western sanctions on crude exports that help to fund Russia’s war in Ukraine.
The EU has imposed 19 packages of sanctions so far, but Moscow has managed to adapt to most measures and is still selling millions of barrels of oil to India and China, albeit at discounts to global prices. Much of this is transported using a so-called shadow fleet of vessels operating outside of the Western maritime industry.
