RE: Sanctions20 May 2025 12:04
Will US follow? hope so, interesting times. Force the kant to the table properly. Anyone whp thinks these won't hit hard has head in the sand. Putin will bluster blah blah but these WILL hurt!
EU announces new sanctions on Russia - with more 'in the works'
While Donald Trump has so far resisted calls to push sanctions on Moscow, Europe has been busy working up new measures.
Trump said last night sanctions could "make it much worse", as he thinks "there's a chance of getting something done".
But, just as the UK unveils new sanctions (see the below post), the EU has adopted a package of their own, zeroing in on Moscow's "shadow fleet" of oil tankers, human rights violations and hybrid threats.
The bloc's foreign policy chief Kaja Kallas said: "The EU has approved its 17th sanctions package against Russia, targeting nearly 200 shadow fleet ships."
She added: "More sanctions on Russia are in the works. The longer Russia wages war, the tougher our response."
The EU and its Western allies have been progressively cracking down on Russia's shadow fleet of tankers that try to circumvent the Group of Seven nations' price cap on Russian crude, in place since late 2022.
As we explain in the post below, this cap was designed to allow Russian oil to be sold to third countries using Western insurance services - provided the price was no more than $60 a barrel.