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.
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Wednesday, February 11
A Russian drone attack on Zaporizhzhia late on Feb. 10 left over 11,000 subscribers without electricity in the city, local officials reported.
Wednesday, February 11
A Russian strike on Bohodukhiv, Kharkiv Oblast, killed four people, including three toddlers, and injured two others, Governor Oleh Syniehubov reported overnight Feb. 11.
Ukrainian drones targeted Russia's Volgograd oil refinery overnight Feb. 11, setting the site ablaze, local media reported.
"It is clear that EU integration can contribute to our common objective: securing peace and prosperity for Ukraine," a European Commission spokesperson said.
Three European nations — Norway, Germany, and the Netherlands — have contributed the most to the program, the ambassador added.
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Russian lawmaker Andrei Svintsov said Telegram may face restrictions because it "does not fully comply with the requirements" of Russian law.
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"We stand with Ukraine as neighbours and friends," Moldovan Prime Minister Alexandru Munteanu said upon arrival.
"Kyiv today is in a state of multidimensional crisis — managerial, infrastructural, and communicational," an open letter reads.
Ukraine says Russian forces are threatening families of Ukrainian POWs to get Starlink terminals registered for battlefield use.
So far, Ukraine has secured one substation in an underground concrete bunker with a second one underway, Vitaliy Zaichenko, CEO of Ukrenergo, Ukraine’s state-grid operator, told the Kyiv Independent.
