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EU Agrees on 15th Sanctions Package Targeting Russia's Shadow Fleet

New measures include port bans on over 50 ships, sanctions on Chinese entities, and expanded restrictions on individuals and companies aiding Russia's war effort.

  • The EU's 15th sanctions package aims to curb Russia's 'shadow fleet' of oil tankers, banning over 50 additional vessels from EU ports and services.
  • New trade restrictions target more than 30 entities, including Chinese firms allegedly involved in supplying military technology to Russia.
  • The sanctions also impose asset freezes and travel bans on individuals and entities aiding Russia's military, with formal adoption expected next week.
  • Environmental concerns have been raised over the aging, unregulated tankers in the shadow fleet, which pose risks of oil spills in the Baltic Sea.
  • Negotiations faced delays due to disagreements over exemptions for EU firms still operating in Russia, with a compromise reached on non-binding guidance to exit the Russian market.
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