Skip to content
Edit post

Bloomberg: EU hoping to prevent Russian oil transfers at sea

by The Kyiv Independent news desk May 8, 2023 8:28 PM 1 min read
This audio is created with AI assistance

The European Union has proposed banning vessels from entering its ports that help Russia evade sanctions and price caps with cargo transfers at sea, Bloomberg reported on May 8.

All EU member states would need to support the proposal in order for it to come into force.

According to Bloomberg, the EU cited a "sharp increase in deceptive practices, and related environmental risks" as a reason for the proposed ban.

Ship-to-ship transfers have been "pivotal" for Russia in circumventing bans, Bloomberg wrote, with the country passing on ships from its "huge fleet" that are more than 20 years old to newly-formed companies that continue to use them.

Ceuta, a Spanish autonomous city on the north coast of Africa, is one of the "focal points" for these transfers.

Local shipping firms were reminded by Spain in early February that assisting in this activity may result in breaching sanctions, according to Bloomberg.

Ukraine war latest: Prigozhin claims Wagner promised enough ammunition for Bakhmut assault
Key developments on May 7: * Wagner chief claims army promised enough ammunition to keep fighting in Bakhmut after threats * Commander: Russia intensifying attacks in Bakhmut with heavy weaponry * Ukrainian military: Russia moving civilians out of occupied Enerhodar Russia’s Wagner Group claime…

News Feed

5:15 AM

Media identifies nearly 85,000 Russian soldiers killed in Ukraine.

According to the outlets' conclusions for the year, 2024 will likely mark the "war's deadliest year," with a current count of over 20,000 deaths confirmed over the past 12 months — although final conclusions cannot yet be made as data on casualties continues to emerge.
11:17 PM

Zelensky meets with CIA director in Kyiv.

President Volodymyr Zelensky said on Dec. 21 that he met with CIA Director William Burns in Ukraine, marking a rare public acknowledgment of their discussions during Russia’s full-scale invasion.
4:16 AM

IMF approves $1.1 billion in funding for Ukraine.

The IMF approved the $1.1 billion tranche after completing its sixth review of the Extended Fund Facility (EFF), a plan to provide Ukraine with over $15 billion in budget support over four years.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.