Brussels — The European Commission is proposing to ban the sale of tankers for crude oil and petroleum products to Russia to prevent Moscow bypassing western sanctions on Russian oil with a shadow fleet of ships, a proposal by the Commission showed.
The proposal, discussed on Friday by ambassadors of EU governments, also says that sales of tankers to a third country should include contractual clauses that ships cannot be re-sold to Russia or used to carry Russian crude oil or petroleum products that avoid western price caps – in the case of crude oil of $60 per barrel.
“To further support the implementation of, and compliance with, this mechanism while increasing barriers to falsification of attestations, (the proposal) introduces a requirement for attestations to also include itemised ancillary costs, such as insurance and freight,” it said.
It said this information should be shared through the supply chain, with an appropriate transitional period.
Reporting by Philip Blenkinsop, writing by Jan Strupczewski – Reuters
