The European Union is mulling over sanctions for Sovcomflot, Russia’s shipping giant, in its latest attempt to squeeze government revenues. Sovcomflot has been central to Russia’s continued crude oil exports after the EU/G7 price cap and sanctions, which makes it a natural target for more sanction action from the West. The company also ships liquefied natural gas, Bloomberg noted in a report on the news that cited an EU document seen by the publication. Earlier this year, the United States sanctioned Sovcomflot and 14 individual…
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