EU-blocked: 15th sanction package against Russia gets stuck!

EU-blocked: 15th sanction package against Russia gets stuck!

The dispute in the European Union shows his teeth again: On December 11, 2024, the 15th sanction package against Russia will be imposed, but the disagreement among the Member States has inhibited the adoption of a more intensive package in advance. Several countries, including Latva and Lithuania, block the desired measures because they require the deletion of a clause to enable western companies to continue their business in Russia, although most of these companies should use the time since the Ukraine conflict to handle their activities, such as the Gmünder daily mail reported.

sanctions and shadow fleet

The new sanction package aims in particular on the so -called "shadow fleet" of Russia, which consists of old oil tankers. These try to avoid the price limit that was introduced by western allies in order to restrict international trade in Russian oil. The EU countries initially agreed to introduce further sanctions, but internal blockages delay significant progress. According to the EU diplomats, there was even a willingness of the Commission to consider the concerns of Latvia and Lithuania in the next 16.

Together with the 14th sanction package, new prohibitions for transport companies that are in Russian property were also issued. This regulation is intended to ensure that companies that work with these transport service providers are aware of the legal risks. A violation of these regulations could result in considerable legal consequences. Information about these provisions can be found in detail on the website of the Federal Ministry of Economics and Climate Protection, which explains that companies are not obliged to check the ownership relationships as long as they are not informed about a possible ban, as it is bmwk.de explained in detail.