"While not a sweeping sanctions package involving sectoral restrictive measures hitting Moscow as in the past, the bloc focused the measures on five individuals involved in the global oil business in an attempt to hit Russia as it trades below the G7-imposed oil price cap that currently stands at $47.6 per barrel. The official document, seen by RFE/RL, blacklists the Azerbaijani businessman Talat Safarov."
"Safarov is the CEO of 2Rivers Group, a UAE based oil-trading group that according to Brussels is active in shipments and exports of Russian oil, notably from the state-owned energy giant Rosneft, by concealing the actual origin of the oil. Shadow Fleet Pakistani businessman Murtaza Ali Lakhani is also targeted after being deemed to control "vessels transporting crude oil or petroleum products, originating in Russia or being exported from Russia, while practicing irregular and high-risk shipping practices.""
EU ambassadors on December 10 adopted additional sanctions adding individuals and entities to the bloc's blacklist related to Russia's invasion of Ukraine. The measures concentrate on five people in the global oil trade to curb sales below the G7 price cap of $47.6 per barrel. The blacklist names Azerbaijani businessman Talat Safarov, CEO of UAE-based 2Rivers Group, accused of concealing the origin of Russian oil, including shipments from Rosneft. Pakistani businessman Murtaza Ali Lakhani is targeted for controlling vessels that practice irregular, high-risk shipping by switching off trackers and lacking insurance. The package also lists three Russian individuals and four companies, and will add 43 vessels to a shadow-fleet list barring servicing in EU ports.
Read at RadioFreeEurope/RadioLiberty
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