A Lithuanian MEP’s question generated increased scrutiny on alleged sanctions 'busters'. While the European Commission’s position doesn't directly answer allegations raised by the MEP, it can be interpreted that the latter is investigating the matter in depth and reserving the right to respond in the near future once more evidence is gathered

For the first time, the proposed measures include direct restrictions on both Nord Stream gas pipelines, alongside tougher measures on Russian oil and financial institutions.

Ships owned by the Alafouzos family and the NYSE-listed company Okeanis Eco Tankers Corp. (NYSE: ECO) are at the forefront of transporting Russian oil, raising critical concerns about compliance with U.S. and EU sanctions. Evidence of ship-to-ship transfers involving Venezuelan oil and the recent sale of a tanker that ultimately serviced Russian ports further intensifies […]

The sanctions target the so-called shadow fleet of third-country vessels that enables Russia to export oil and gas by circumventing Western sanctions.