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The European Union is weighing a new sanctions mechanism that would target ports outside the bloc accused of handling Russian oil
The European Union is considering to ban Russian imports of several platinum group metals and copper as part of new sanctions targeting Moscow for its war against Ukraine, according to people familiar with the matter.
The cap did reduce government oil revenues temporarily, especially after an EU ban on most Russian seaborne oil forced Russia to shift sales to China and India. But Russia built a “shadow fleet” of aging tankers operating beyond the reach of the cap, and revenues rose again.
The European Commission on Friday proposed a sweeping ban on any services that support Russia's seaborne crude oil exports, going far beyond previous piecemeal EU sanctions in its effort to stunt Moscow's key source of income for its war on Ukraine.
The Kyiv Independent on MSN
Investigation: European companies keep the motors of Russia's war machine running
Since launching its full-scale invasion of Ukraine, Russia has sought supplies of motor oil additives and lubricants from third countries to maintain its military-industrial capacity and keep vehicles and heavy machinery running.
European Commission President Ursula von der Leyen says the EU should ban maritime services aiding Russia in shipping oil and target its financial and trade sectors with new sanctions over the war on Ukraine.
The EU is looking to clamp down on the circumvention of sanctions that sees key technologies used on the battlefield continue to flow to Russia through third countries.
Some individual athletes from the banned countries will be permitted to participate in the Milano Cortina Winter Games
By Alessandro Parodi, Gleb Stolyarov and Alexandr Reshetnikov Feb 12 (Reuters) - Tens of thousands of cars are being exported from China to Russia under gray-market schemes that often circumvent Western and Asian government sanctions and automakers' commitments to exit the Russian market,