The European Union has approved a new package of sanctions over Russia’s invasion of Ukraine, seeking to tighten the enforcement of restrictions by widening the scope of measures to its network of accomplices and hit Moscow’s revenues.
The measures target Russia’s shadow fleet of tankers, and transshipments of liquefied natural gas to third countries. While this is the EU’s first move to restrict Russian LNG operations, the bloc will still allow deliveries of the fuel from Moscow to the region.
The sanctions also target companies in countries including China, that have been helping the Kremlin get around earlier trade restrictions.
The package — the bloc’s 14th since the beginning of Russia’s full-scale war against Ukraine — includes:
The package will now need to be formally adopted by member states before it enters into force, and could still change during that process.
Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Hemlock Semiconductor (HSC) have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $325 million…
View ArticleU. S. Customs and Border Protection (CBP) has or is adding additional information requirements when filing Entry Summaries for steel and aluminum merchandise covered by Section 232 in support of…
View ArticleThe deal will enable BW LNG to leverage Procureship’s e-procurement platform, which extensively utilizes automation and Machine Learning, to bolster is purchasing capabilities. This will allow the Norwegian shipowner to…
View ArticleThe Battery Advocacy for Technology Transformation (BATT) Coalition has submitted a letter to the leadership of the House Committee on Ways and Means recommending additional tax incentives to compete with…
View ArticleIndustry updates and weekly newsletter direct to your inbox!