New Zealand announced on Thursday that it would broaden sanctions against Russia’s oil sector and its so-called shadow fleet, during a meeting with the foreign ministers of the five Nordic countries in Stockholm.
Foreign Minister Winston Peters said in a statement that an additional 65 shadow fleet vessels, as well as entities from Belarus, Iran and North Korea involved in refining, transporting, and facilitating payments for Russian oil, would be sanctioned.
The shadow fleet refers to tankers that carry sanctioned oil from countries such as Russia, Iran and Venezuela, disguising their activities through falsified locations, documents and identities.
“These actors form part of a wider network supporting the trade in Russian oil and undermining global efforts to cut off funding for Russia’s illegal war,” Peters said. “By targeting the oil supply chain, New Zealand is taking firm action to back international attempts to bring Russia to the negotiating table.”
The move follows a Reuters investigation published on Tuesday, which revealed that Maritime Mutual, a small New Zealand-based insurer, had provided cover to ships moving billions of dollars’ worth of Iranian and Russian oil, enabling them to access ports despite Western sanctions.
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Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 16th of April, covering the latest developments you need to know.
Russia unleashed missile and drone attacks on the Ukrainian capital Kyiv and other cities overnight, killing 13 people, including a 12-year-old child, injuring several dozens and badly damaging buildings, officials said on Thursday.
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Hungary’s election winner, Péter Magyar, said on Wednesday his cabinet could be sworn in by mid-May, with Magyar taking office as prime minister, and pledged swift action to unlock billions in suspended European Union funding.
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