Today: May 20, 2024
Today: May 20, 2024

Exclusive-EU's proposed Russia sanctions to target oil tankers, ships moving North Korean equipment

Share This
LA Post: Exclusive-EU's proposed Russia sanctions to target oil tankers, ships moving North Korean equipment
April 24, 2024
Reuters

By Julia Payne and Kate Abnett

BRUSSELS (Reuters) -The European Commission is expected to propose sanctions on ships delivering North Korean military equipment to Russia as well as tankers that flout the G7 price cap on Russian oil, European Union sources said on Wednesday.

The Commission is finalising its proposal for a 14th package of sanctions against Moscow for its invasion of Ukraine.

Western powers have accused North Korea of supplying weapons, including ballistic missiles and munitions, to power Russia's war machine. Ukraine is increasingly outgunned, with neither side able to make significant territorial gains.

The United States said in February that North Korea had delivered more than 10,000 containers of munitions and related material since September.

The Commission is also seeking to sanction oil tankers in the so-called "shadow fleet" that move Russian oil outside the Group of Seven countries (G7) oil price cap.

A document showed that 40 companies are expected to be added to its list of sanctioned entities. These include Russian companies procuring equipment for the military as well as third country companies that have sold Russia electronics, semiconductors and chips that have military uses.

The third country companies are based in the United Arab Emirates, Kyrgyzstan, Turkey and China and have sold EU and U.S.-origin equipment to Russia, the document showed.

The Commission is in discussions this week on an informal basis with EU member states before presenting its proposal to the Council for debate, the sources said.

The Commission declined to comment.

(Reporting by Julia Payne and Kate Abnett; Editing by Jane Merriman and Alexander Smith)

Popular

Bryson DeChambeau puts on a show but somehow comes up short at PGA Championship

Bryson DeChambeau put on the kind of show, and got the sort of breaks, that make players larger than life and sometimes win them major championships

Bryson DeChambeau puts on a show but somehow comes up short at PGA Championship

Scottie Scheffler caps a 'hectic' weekend by rallying to a strong finish at the PGA Championship

Scottie Scheffler finished off what he called a “hectic” week at the PGA Championship by surging to an eighth-place finish

Scottie Scheffler caps a 'hectic' weekend by rallying to a strong finish at the PGA Championship

Xander Schauffele wins first major at PGA Championship in a thriller at Valhalla

Xander Schauffele has won his first major with a thrilling win at the PGA Championship

Xander Schauffele wins first major at PGA Championship in a thriller at Valhalla

Pacers set NBA playoff shooting mark, top Knicks 130-109 in Game 7 to make Eastern Conference finals

Tyrese Haliburton scored 26 points and the Indiana Pacers rode one of the most sensational first halves in Game 7 history to a 130-109 victory over the New York Knicks on Sunday, advancing to the Eastern Conference finals for the first time in 10 years

Pacers set NBA playoff shooting mark, top Knicks 130-109 in Game 7 to make Eastern Conference finals

Related

Official says rescuers see helicopter that was carrying Iran's president, others at a distance

Official says rescuers see helicopter that was carrying Iran's president, others at a distance

Toyota tests new EV pickup truck ahead of mass production in Thailand

Toyota tests new EV pickup truck ahead of mass production in Thailand

Schumer says US Senate will try again to pass border bill

Schumer says US Senate will try again to pass border bill

As Modi faces resistance, fatigue in India election, parent group steps in

As Modi faces resistance, fatigue in India election, parent group steps in
- Advertisement -
Advertisement: Limited Time Offer