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.
U.S. President Donald Trump said the U.S. was talking to the right people in Iran to make a deal on Tuesday (24 March), as Pakistan's Prime Min...
Pakistan offered to host talks between Iran and the U.S. to bring about an end...
Voting has ended in Denmark’s parliamentary election, with Prime Minister Mette Frederiksen seeking a third term after a campaign shaped by t...
Türkiye is pursuing a cautious approach to the escalating Middle East conflict while maintaining regional ties, President Recep Tayyip Erdoğa...
Traders placed more than $500 million in oil bets minutes before Donald Trump announced a delay to planned strikes on Iran, ...
U.S. President Donald Trump said the U.S. was talking to the right people in Iran to make a deal on Tuesday (24 March), as Pakistan's Prime Minister offered to host peace talks between the two countries to bring about an end to the conflict.
Pakistan offered to host talks between Iran and the U.S. to bring about an end to the Middle East conflict on Tuesday (24 March), as U.S. President Donald Trump repeated that Washington was speaking to Tehran, despite the White House downplaying earlier comments by Trump saying the same thing.
Voting has ended in Denmark’s parliamentary election, with Prime Minister Mette Frederiksen seeking a third term after a campaign shaped by tensions with the U.S. over Greenland and mounting domestic concerns.
Türkiye is pursuing a cautious approach to the escalating Middle East conflict while maintaining regional ties, President Recep Tayyip Erdoğan said on Tuesday, warning against actions that could deepen instability.
The pilot and co-pilot of an Air Canada Express regional jet were killed after it collided with a fire truck while landing at New York's LaGuardia airport late on Sunday, in an incident that closed the airport, authorities and U.S. media said.
U.S. President Donald Trump said the U.S. was talking to the right people in Iran to make a deal on Tuesday (24 March), as Pakistan's Prime Minister offered to host peace talks between the two countries to bring about an end to the conflict.
Trump says U.S. found “major points of agreement” with Iran and has paused strikes on Iranian power plants, but Tehran denies any direct talks or negotiations, contradicting U.S. claims - latest on Middle East conflict.
Violent clashes broke out between police and opposition protesters in Tirana on Sunday (22 March) as demonstrators were demanding the resignation of the Albanian government following corruption allegations against the deputy prime minister.
Afghan authorities say Pakistani jets entered northern Afghanistan, while Pakistan insists its actions target terrorism, highlighting continued strain after a temporary Eid ceasefire ended.
Voting has ended in Denmark’s parliamentary election, with Prime Minister Mette Frederiksen seeking a third term after a campaign shaped by tensions with the U.S. over Greenland and mounting domestic concerns.
Eurozone private sector growth almost stalled this month, a key survey showed on Tuesday, adding to evidence that the bloc is already feeling economic fallout from the U.S. and Israeli war with Iran, with inflation rising and growth slowing.
China is raising domestic petrol and diesel prices under temporary measures to manage a sharp surge in global oil costs, aiming to support fuel suppliers while maintaining market stability during a period of heightened volatility.
Russia launched drones and missiles overnight on Tuesday at Ukraine, killing at least three people, damaging houses and triggering fires, Ukrainian officials said.
British Prime Minister Sir Keir Starmer said on Monday (23 March) that Britain must plan for the possibility that the Iran war could continue for some time, and added that he had no "meaningful concerns" about energy supply.
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