Exclusive-EU’s proposed sanctions on Russia to target oil tankers, ships moving North Korean equipment

By Thomson Reuters Apr 24, 2024 | 10:53 AM

BRUSSELS (Reuters) – The European Commission is expected to propose sanctions on ships delivering North Korean military equipment to Russia as well as tankers that flout the G7 price cap on Russian oil, European Union sources said.

The Commission is finalising its proposal for a 14th package of sanctions against Moscow for its invasion of Ukraine.

A document showed that 40 companies are expected to be added to its list of sanctioned entities. These include Russian companies procuring equipment for the military as well as third country companies that have sold Russia electronics, semiconductors and chips that have military uses.

(Reporting by Julia Payne and Kate Abnett. Editing by Jane Merriman)