The European Commission has proposed to ban selling oil tankers to Russia to slow down the country's growing hydrocarbon exports that bypass Western sanctions, Reuters reported on Nov. 17.
Any sales of tankers to a third country would include clauses forbidding the subsequent resale of ships to Russia or freighting Russian oil products in defiance of Western price caps, such as $60 per barrel of crude.
"The price cap mechanism relies on an attestation process that enables operators in the supply chain of sea-borne Russian oil to demonstrate that it has been purchased at or below the price cap," Reuters reported, citing the document.
Russia's hydrocarbon exports are a major source of the revenue it uses to maintain its war machine. After sanctions and import restrictions on Russian resources to Western markets, Russia has intensified the sale of oil to countries that haven't joined in, such as India and China.
Besides producing weapons and ammunition, oil revenue can also be used to pay competitive salaries to mercenaries and contract soldiers, enticing them to fight for against Ukraine.
Most Popular

Russia to replace Norway in ice hockey championship as more countries vow to boycott games

Musk reposts tweet calling Starlink service for Ukraine 'mistake'

Police searches at energy company deepen Zelensky-Klitschko tensions over Kyiv's winter preparations

Senator Blumenthal to introduce legislation supporting Ukraine, calls for new US negotiators, Starlink controls

Ukraine war latest: Ukraine hits key bridge on 'highway of death' linking mainland Russia to occupied regions
The joint operation targeted the drone base in the occupied city of Berdyansk, in the Zaporizhzhia Oblast. The base was located 107 kilometers (66 miles) behind the front lines.
Time is running short for Ukraine to pass the anti-money laundering laws it needs to join the Single Euro Payments Area (SEPA), a network that makes euro transfers faster and cheaper, as lawmakers remain divided over who should have access to bank account information.
It will come on top of a separate pledge of 45 billion euros that the bloc is set to provide Ukraine in 2027 as part of the 90 billion euro ($100.7 billion) loan put together in April 2026.
The strikes come amid growing concerns over Ukraine's reliance on Starlink for military communications.
"It is important that India identify what steps it can take and what dialogue it can pursue with other leaders to help bring the war to an end," Zelensky said after a call with Indian Prime Minister Narendra Modi. "Food security could be one such area."
About 2,800 troops from 11 nations will take part in Exercise Koalicja, running from Nov. 9 to Nov. 22 and largely taking place in Poland.
Nineteen more bodies could still be under the rubble, according to the regional police.
The proposal comes amid concerns over Ukraine's reliance on foreign satellite communications.
The new sanctions target 38 entities and 24 individuals, ranging from players in Russia's ballistic missile production to crypto exchanges.
The Morozov plant, part of Russian state defense conglomerate Rostec Corporation, is "one of the key links in the chain that supplies the Russian Federation's military with ballistic missiles," according to the General Staff.
The mission began on Nov. 9, and will work in a hybrid format, with Ukrainian and IMF representatives meeting in Lviv and Warsaw. National Bank of Ukraine experts will also join some meetings online, the bank said.
News Feed: Latest News

Ukraine sanctions nearly 700 vessels tied to Russia’s 'shadow fleet'

'Outrage against human decency' – European MPs warn Trump against appeasing Russia in new open letter

Trump says he'll focus on Ukraine war after brokering Israel-Hamas deal

Russia ready for 'hot confrontation' with Europe at any moment, German intelligence head warns
Editors' Picks
Fact check: How clashes over fake hostages near Kyiv fueled Russian disinformation blitz

Rescuers dig for bodies after Russia bombs village aid center to rubble, killing dozens inside

100 days in, what changed for Ukraine's soldiers under Commander-in-Chief Drapatyi?


