INTERNATIONAL
EU to list two Chinese oil refineries, one trader in new Russia sanctions
EU sanctions package targeting Chinese firms is delayed due to Slovakia's unrelated objections despite member states agreeing on the text. - REUTERS
BRUSSELS: The European Union's 19th package of sanctions against Russia will list four companies in involved China's oil industry that circumvent western restrictions, EU diplomatic sources said on Wednesday.
AI Brief
The sources said the package lists two Chinese oil refineries, a Chinese trading firm and an entity involved in circumvention.
The final text of the package has been agreed by member states but it has not been adopted yet owing to reservations from Slovakia on unrelated matters. Sanctions require unanimity to be passed.
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AI Brief
- The EU plans to sanction Chinese firms linked to oil and sanctions evasion.
- The package is agreed upon but not yet adopted.
- Slovakia is holding up the process over unrelated concerns, as unanimity is required.
The sources said the package lists two Chinese oil refineries, a Chinese trading firm and an entity involved in circumvention.
The final text of the package has been agreed by member states but it has not been adopted yet owing to reservations from Slovakia on unrelated matters. Sanctions require unanimity to be passed.