EU envoys will meet on Wednesday to discuss a 15th round of sanctions targeting Russian oil tankers and Chinese firms involved in drone production for Moscow. The new measures aim to further restrict Russia’s access to financial assets and tighten pressure on its oil revenue.
European Union envoys are set to meet on Wednesday to discuss a 15th round of sanctions against Russia in response to its 2022 invasion of Ukraine.
Among the proposed measures are sanctions targeting tankers transporting Russian oil and Chinese companies involved in the production of drones for Moscow, according to EU diplomats.
The new sanctions would add 29 entities and 54 individuals to the EU’s existing list, which already includes over 2,200 individuals and organisations. Those added to the list would face travel bans and asset freezes within the 27-member bloc, with little expectation of significant opposition, the diplomats noted.
A more substantial sanctions package is expected to be proposed in January, after Poland takes over the EU's rotating presidency from Hungary. Hungary’s Russia-friendly leader has previously delayed or blocked measures aimed at assisting Ukraine.
In September, Reuters revealed that Russia had established a weapons programme in China to develop and produce long-range attack drones. The proposed inclusion of 48 tankers in the sanctions list is part of ongoing efforts by Western allies to curb Russia’s oil revenues by reinforcing the G7 price cap on Russian oil, although Western officials acknowledge that the effectiveness of the cap is expected to wane over time.
The 16th sanctions package, anticipated later, is expected to impose tighter restrictions on Russian liquefied natural gas (LNG) flows and expand the use of the “No Russia” clause. This would require subsidiaries of EU companies based in third countries to prevent the re-export of certain goods to Russia.
The EU is also looking to target financial institutions that help Russia bypass Western sanctions, in a move similar to actions already taken by the United States earlier this year.
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be...
The Ebola epidemic in the Democratic Republic of the Congo (DRC) is spreading faster than efforts to contain it, global humanitarian organisation Méd...
Kyrgyzstan has introduced an indefinite ban on the export of crude oil and petroleum products by road and rail in an effort to prevent fuel shortages ...
The United Kingdom, the European Union, Spain and Gibraltar have formally signed a treaty establishing new arrangements for movement and border procedures between Gibraltar and Spain.
Germany is funding the purchase of 50,000 attack drones for Ukraine. The move marks one of the largest publicly reported drone procurement programmes by a Western government since the start of Russia's full-scale invasion.
The European Union's General Court has dismissed Ryanair's appeals against an Italian state aid scheme approved by the European Commission in 2020 to support airlines during the COVID-19 pandemic.
The Netherlands will announce more than €3 billion ($3.43 billion) in new defence projects and agreements at a NATO forum in Ankara this week, Dutch Defence Minister Dilan Yesilgoz has said, as alliance members step up efforts to boost military spending and cooperation.
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Donald Trump announced the reinstatement of a blockade on Iranian shipping and proposed a 20% fee on cargo passing through the strategic waterway.
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be targeted next week unless Tehran returns to negotiations.
The death toll from the fire at a live music pub in Bangkok has climbed to 32 after two more victims died from their injuries, according to Thailand's Police Hospital.
Ukraine and Russia exchanged fresh attacks on Tuesday, with Kyiv targeting shipping and energy infrastructure inside Russia while Moscow launched another large-scale missile and drone assault on Ukrainian cities.
IBM has warned that a surge in spending on artificial intelligence infrastructure is weighing on its core business, in one of the clearest signs yet of how the AI boom is reshaping the technology sector.
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be targeted next week unless Tehran returns to negotiations.
Ten EU countries, led by Italy and Poland, have urged the European Union to reconsider a new carbon price on fuel as part of a wider overhaul of the bloc's carbon market, according to a joint statement seen by Reuters.
The European Union (EU) has announced an additional €20 million ($22.8 million) in humanitarian assistance for Venezuela after last month's deadly earthquakes, which killed more than 4,700 people.
India's investigation into last year's Air India crash that killed 260 people has entered its final stages, with investigators completing a transcript of the cockpit voice recorder and carrying out a psychological autopsy as they work towards a final report.
The Ebola epidemic in the Democratic Republic of the Congo (DRC) is spreading faster than efforts to contain it, global humanitarian organisation Médecins Sans Frontières (MSF) has warned, calling for an urgent expansion of containment and care measures.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment