according to the materials from the site - By Cryptopolitan_News
On Friday in Brussels, the European Union added Hossein Shamkhani, an Iranian oil trader with good connections, to the blacklist, imposing large-scale sanctions on him and his two Dubai companies, directly related to Russia's war in Ukraine, Bloomberg reports.
These sanctions are part of the 18th EU sanctions package and are directly aimed at the financial resources fueling the Kremlin's invasion. Hossein, whose father is an advisor to Supreme Leader Ayatollah Ali Khamenei, was named by the EU as a 'central player' in the Russian shadow fleet - a secret network that moves sanctioned oil discreetly. Both of his companies, Admiral Group and Milavous Group Ltd, were mentioned in the lawsuit.
The official position of the EU was as follows: 'Hossein Shamkhani is involved in a sector of the economy that provides a significant source of income for the government of the Russian Federation.' This means that Brussels directly accuses Iran of facilitating the transportation of Russian oil and maintaining the flow of funds to Moscow. This move aims to tighten the noose around Russian oil revenues, which continue to thrive due to exports to China and India.
The EU is also restricting the activities of Russian banks, tankers, and the flexibility of oil prices.
The repression did not stop with Hossein. The latest EU package includes a ban on the activities of about 20 Russian banks, disconnecting them from the SWIFT payment system and a complete ban on transactions. This time, the bloc went even further, also imposing permanent sanctions against the Nord Stream pipelines to block any future attempts to revive them. This gas route is finished.
An important change was the EU's adjustment of the price cap on Russian oil. The previous cap was set at $60 per barrel, but it will now float at $15 below the market price, starting at around $45-50 per barrel. The cap will be reviewed twice a year, meaning it will adapt to market conditions to ensure strict compliance with the rules. This review was first reported by Bloomberg.
Sanctions have also been extended to more than 400 tankers linked to the shadow fleet, with dozens added only during the latest wave of sanctions. The EU has also begun targeting other traders and firms that help transport Russian oil through third countries. These traders operate in places like Dubai, and in some cases are connected to companies in China, which are now also subject to restrictions. Brussels has made it clear: assisting Russia in evading sanctions will land you on the list.
Regarding goods, new items have been added to the list of exports banned for use in Russian military production. According to the EU, these products can be used in the production of weapons or other defense-related sectors. The aim is to ensure a financial and material starvation of Moscow's military machine.
This entire package of measures was stuck for several weeks due to Slovakia, which wanted an exemption from the EU's plan to phase out Russian energy supplies. On Thursday, Prime Minister Robert Fico lifted the veto after receiving specific guarantees from the European Commission, paving the way for approval. EU ambassadors supported the sanctions early Friday morning, and they are now in the final approval stage by ministers.
By directly striking at the Iranian trader linked to Khamenei's inner circle, the EU is expanding the battlefield. The sanctions demonstrate how broad the Kremlin's network is and how deeply Iran is involved in Russian oil smuggling. And Hossein's name will not be the last on the list.
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