European Union monitors shipping and violations in updated sanctions package

The European Union is considering a 14th package of sanctions against Russia over its invasion of Ukraine in 2022. The proposed measures include banning the handling of Russian LNG and the use of EU ports by ships carrying goods contributing to Russia’s war effort. EU operators would also face greater accountability for any sanctions violations, including those committed by non-EU companies they own or control.

The package would aim to limit Russia’s revenue from the sale of liquefied natural gas by prohibiting EU facilities from transshipping Russian LNG to third countries. Additionally, there would be a ban on the use of EU ports and locks by ships involved in Russia’s war effort, particularly those transporting goods with significant revenue implications or used in defense and security sectors. EU operators would need to have due diligence systems in place to identify and mitigate risks from exports to Russia.

The proposals also include measures to ban EU political parties, think tanks, or media outlets that receive economic benefits from Russia, as well as tightening air and road transport bans on vehicles owned or controlled by Russians and imposing a transaction ban on those using Russia’s financial messaging systems outside of Russia. However, there are exemptions for rough and polished diamonds imported from Russia by specific dates. These proposed sanctions are part of the EU’s efforts to respond to Russia’s actions in Ukraine and hold those involved accountable for their support.

Source .