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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Ukraine is facing one of the most difficult moments of the war, as a convergence of corruption scandals, political turbulence, financial uncertainty and intensifying Russian offensives places unprecedented strain on the country’s ability to defend itself.
It has been a punishing week for large parts of China, and forecasters warn the worst may not be over. After Typhoon Maysak left a trail of destruction and at least 23 people dead, Super Typhoon Bavi is now threatening the country's eastern coast.
At least 12 people have been killed in forest fires in Almeria in southern Spain, Andalucía’s emergency agency has said, as firefighters continue efforts to put out the blaze.
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