The European Union has announced sanctions against Iranian oil trader Hossein Shamkhani as part of a new package aimed at weakening financial support for Russia's war in Ukraine.
Sanctions Against Hossein Shamkhani
On Friday in Brussels, the European Union announced sweeping sanctions against Hossein Shamkhani and two of his Dubai-based companies. The EU described Shamkhani as 'a central player' in Russia's shadow fleet, which moves sanctioned oil using covert methods.
Wide Measures Against Russia
The new sanctions package includes restrictions on about 20 Russian banks, cutting them off from the SWIFT payment system, and a full transaction ban. Additionally, the EU has placed permanent sanctions on Nord Stream pipelines, obliterating any chances of revival.
Conclusion of the Sanction Package
Sanctions have been extended to over 400 tankers linked to the shadow fleet and include traders aiding Russia in circumventing restrictions. The EU has also added more items to the list of goods banned for export to Russia for military production purposes. These measures reflect serious efforts by the EU to strengthen its sanction policy against the Kremlin.
The imposition of sanctions against Hossein Shamkhani highlights the EU's commitment to prevent Russia from profiting from its military actions. It also underscores the deep ties between Iran and Russia's oil trading operations.
