In a fifth round of sanctions, European Commission president Ursula von der Leyen announced a forthcoming port ban on Russian vessels citing ’atrocities’ of Russian war in Ukraine
The EU has announced a new set of sanctions against Russia without a set timeline for when they will come into force.
Russian-operated vessels, with some exceptions, will be banned from EU ports, and the EU trading block will no longer import coal from Russia, cutting an estimated €4Bn (US$4.36Bn) per year from Russian coffers.
While Europe continues to mull sanctioning Russian oil, the new round of sanctions still leave imports of Russian oil and gas exempt along with agricultural and food products, and humanitarian aid.
Announcing the sanctions, President von der Leyen said the "ban on Russian vessels and Russian-operated vessels from accessing EU ports" came in response to Russia’s "cruel and ruthless war" against Ukraine.
"We all saw the gruesome pictures from Bucha and other areas from which Russian troops have recently left. Yesterday, I conveyed to President Zelenskiy my condolences and assured him of the European Commission’s full support in these terrible times. These atrocities cannot and will not be left unanswered. The perpetrators of these heinous crimes must not go unpunished," President von der Leyen said.
The UK announced a ban on Russian-linked vessels coming into its ports in early March but has been slow in setting out clear directions on how to implement the ban, pushing responsibility on to port authorities to identify and refuse vessels even when highly complex ownership structures can make isolating ties to Russian interests difficult.
UK Foreign Secretary Liz Truss had said on Tuesday (5 April) that she would ask G7 Foreign Ministers and the NATO Foreign Ministers to announce "a tough new wave of sanctions".
"The reality is that money is still flowing from the West into Putin’s war machine, and that has to stop," Secretary Truss said.
Speaking about western allies collectively, she said "I’ll be working with our partners to go further ... in banning Russian ships from our ports, in cracking down on Russian banks, in going after new industries filling Putin’s war chest like gold, and agreeing a clear timetable to eliminate our imports of Russian oil, gas and coal."
The European Commission has proposed a draft plan to make Europe independent of Russian fossil fuels “well before 2030,” starting with gas, in light of Russia’s war in Ukraine.
The draft plan was announced in early March on the same day that the US committed to a total embargo on Russian energy and the UK announced a phase-out of Russian oil and gas to be complete by the end of 2022.
Both US and UK imports of Russian energy supplies make up a far smaller percentage than those taken by the EU.
Riviera Maritime Media will hold live and virtual events throughout 2022. Visit our events page to register your interest and learn how to attend.
Events
© 2024 Riviera Maritime Media Ltd.