Cracking Down on Sanctions Evasion: the EU’s latest Move

In a continued effort to pressure Russia, the European Union has officially enacted its seventeenth package of sanctions. This latest round focuses primarily on disrupting Russia’s ability to circumvent existing restrictions, especially concerning oil exports. A key target is the so-called ghost fleet of oil tankers, which are allegedly being used to bypass previous sanctions.

Targeting the “Ghost Fleet” and Supporting Entities

The sanctions package specifically names nearly 200 ships suspected of involvement in sanctions evasion. Furthermore,approximately thirty entities believed to be aiding Russia in circumventing the established sanctions regime are also targeted.This brings the total number of sanctioned vessels to 342, according to a statement released by the EU.

The EU’s High Representative for Foreign Affairs, Kaja Kallas, emphasized the EU’s resolve, stating on social media platform X:

The EU approved its seventeenth pack of sanctions against Russia, which aims at nearly 200 ships in its ghost fleet. Other sanctions against Russia are in planning. The more Russia waged war, the more severe our response.
Kaja Kallas, EU High Representative for Foreign Affairs

this move underscores the EU’s commitment to increasing economic pressure on Russia in response to its ongoing actions.

Future Sanctions and Potential ceasefire Contingency

Discussions are already underway for an eighteenth set of sanctions, indicating the EU’s intention to maintain a proactive approach. These potential future measures are separate from any actions that might be considered should Moscow reject a proposed 30-day ceasefire, a condition advocated by Ukraine and its Western allies.

Addressing Hybrid Warfare Tactics

In a significant development, the EU has also, for the first time, implemented sanctions in response to what it deems hybrid attacks attributed to Russia. These measures target twenty-one individuals and six entities, imposing asset freezes and travel bans within the Union. This demonstrates a broadening of the EU’s response to encompass not only military actions but also other forms of perceived aggression.

The Broader Context: Impact of Sanctions on Russia’s Economy

These sanctions are part of a larger effort by Western nations to weaken Russia’s economy and limit its ability to finance its military operations. While the full impact of the sanctions is still being assessed, recent reports suggest a significant strain on the Russian economy. Such as, the World Bank projects a contraction of the Russian economy in 2025, citing the impact of sanctions and reduced access to international markets.