New EU sanctions introduce tighter compliance rules to support implementation of price cap for Russian oil
The European Union is introducing tighter compliance rules to support the implementation of the price cap for Russian oil, the European Council has said on a statement on Monday.
"The Council is introducing tighter compliance rules to support the implementation of the oil price cap and clamp down on circumvention," it said.
According to the statement, it is about "a strengthened information sharing mechanism" for "better identification of vessels and entities carrying out deceptive practices."
In addition, the European Council "decided to introduce notification rules for the sale of tankers to any third country in order to make more transparent their sale and export, in particular in the case of second-hand carriers."
Advertising
Advertising
MORE ABOUT
New EU sanctions will apply to supplies of manganese ore and aluminum oxide to Russia – Latvian authorities
21:07, 03.05.2024
Ukrnafta increases reserves by 3 mln tonnes of oil, 600 mcm of gas
11:29, 23.04.2024
Zelenskyy approves NSDC sanctions against seven individuals, 86 legal entities
17:45, 05.04.2024
Sanctions have weakened Russia, but not enough – Italian Ambassador to Ukraine
16:19, 02.04.2024
U.S. imposes sanctions on 2 individuals, 2 legal entities from Russia
20:44, 20.03.2024
LATEST
NBU lifts restrictions on import of works, services; introduces other currency concessions
21:01, 03.05.2024
Ukrainian coal could be exported due to shutdown of Centerenergo in Russian heavy shelling – Minister of Energy
19:26, 03.05.2024
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
DIM company accredits houses under construction in eOselia program
19:22, 02.05.2024
Shareholders of Interpipe Nyzhniodniprovsky Pipe Rolling Plant updates composition of supervisory board, re-elected four members for new term, incl its head