Regardless of the Trump Administration’s ongoing efforts to barter an finish to the conflict in Ukraine, the European Union (EU) launched additional sanctions on Russia’s power sector this week, concentrating on, amongst others, Dubai-based Eiger Delivery DMCC. The transfer is especially important as Eiger is the delivery and chartering arm of Litasco Center East (LME) – the buying and selling home of Russian large Lukoil which has emerged as certainly one of Dubai’s largest buying and selling corporations since 2022 (MEES, 23 September 2022). Lukoil is Russia’s second largest oil producer.
“Eiger Delivery DMCC has enabled the procurement of quite a few vessels forming a part of the so-called ‘shadow fleet’,” the EU introduced in its seventeenth sanctions package deal on 20 Might. “These vessels have transported oil from Russia whereas turning off or manipulating their AIS transponders, whereas not sustaining satisfactory legal responsibility insurance coverage or different monetary safety, and whereas finishing up unsafe maritime operations.” (CONTINUED – 615 WORDS)
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