EU to impose price ceiling on Russian oil and curb smuggling - Politico

EU to impose price ceiling on Russian oil and curb smuggling - Politico

The countries of the European Union have 90% agreed on the eighth package of sanctions against Russia, which will include a ceiling on oil prices. A monitoring system will be created that will not allow sanctions to be circumvented.

 

 This is reported by Politico.

 

 According to the publication, the draft document of the European Commission includes a monitoring system for changing the flag of tankers in order to monitor attempts to circumvent sanctions against Russian oil.

 

 Changing the tanker's registration to a country not subject to the need to comply with EU sanctions could help shipowners trade Russian oil at a price higher than the ceiling on its purchase price, which the EU will introduce as part of the eighth package.

 

 In particular, the publication mentioned Panama, whose flag tankers may not comply with the conditions adopted by the EU.



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The countries of the European Union have 90% agreed on the eighth package of sanctions against Russia, which will include a ceiling on oil prices. A monitoring system will be created that will not allow sanctions to be circumvented.

 

 This is reported by Politico.

 

 According to the publication, the draft document of the European Commission includes a monitoring system for changing the flag of tankers in order to monitor attempts to circumvent sanctions against Russian oil.

 

 Changing the tanker's registration to a country not subject to the need to comply with EU sanctions could help shipowners trade Russian oil at a price higher than the ceiling on its purchase price, which the EU will introduce as part of the eighth package.

 

 In particular, the publication mentioned Panama, whose flag tankers may not comply with the conditions adopted by the EU.