EU Blacklists Russian Oil Majors

The European Union has introduced a new wave of sanctions targeting Russian companies and officials.

The latest batch, published in the EU Official Journal, banned debt financing for three Russian companies – Rosneft, Transneft and Gazprom Neft. The sanctions take effect from the moment of their publication. 

The EU has also banned debt financing for Russia’s three major defense manufacturers – UralVagonZavod (UVZ), Oboronprom and United Aircraft Corporation (UAC).

The ban relates to trading in bonds of these enterprises with maturity of more than 30 days and participation in the organization of such bonds’ issue. 

Nine defence companies have also been struck by the sanctions. Namely, supplies of European dual-purpose technologies are banned for: the Sirius Concern, Stankoinstrument, Khimkompozit, the Kalashnikov Concern, the Tula Arms Plant, Technologii Mashinostroyeniya, Vysokotochnye Kompleksy, the Almaz-Antei Concern, and Bazalt.

The European Union has added 24 more names to the blacklist, bringing the total number of sanctioned officials to 119.

The sanctions were agreed upon during the talks in Brussels and have been caused by Russia’s actions in eastern Ukraine.

Ukrainian troops and pro-Russian rebels reached a truce recently, but ceasefire is still fragile.


Share this article

Follow World Maritime News

In Depth>


<< Nov 2019 >>
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Salvage & Wreck

Salvage and Wreck Removal Conference will focus on Casualty management case studies, Dealing with hazardous cargo and container ship fires…

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >