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CCME said the tugboat convoy was working to tow the Eventin to Sassnitz, a port on Rügen, but that the stormy conditions were “slowing the towing process considerably.”

German Foreign Minister Annalena Baerbock said the “decrepit” oil tanker was another example of the danger Russia poses to European security.

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“With the unscrupulous use of a fleet of rusting tankers, (Russian President Vladimir) Putin not only circumvents sanctions but also deliberately accepts the risk of halting tourism in the Baltic Sea region,” Baerbock said Friday.

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In December, two Russian tankers werewreckedoff the coast of occupied Crimea, spilling thousands of tons of fuel into the Black Sea. Ukrainian President Volodymyr Zelensky said the ships – nearly 50 years old – “shouldn’t have been in operation at all.”

Later in December,Finnishauthorities seized a tanker traveling from Russia, on suspicion it had used its anchor to damage an undersea power cable connecting Finland and Estonia.

German authorities said no oil leaks had been detected after the Eventin lost power on Friday, but warned of strong winds and waves of up to 2.5 meters(over 8 feet).

“Every day, Russia bombards Ukraine, and it finances its missiles, strike drones, and guided bombs, in part, with profits from its tanker fleet. Russia jeopardizes the environment solely to sustain its ability to kill people,” he said Friday.

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what is causing the price volatility of sab industries limited (539112) ✌️【Investment Advisor】✌️ Real-time stock and futures data, backed by expert stock market trend predictions, to help you make timely and profitable investment decisions. Also on Friday, the outgoing Biden administration targeted Russia’s energy sector, including its so-called “shadow fleet,” with some of itsharshest sanctionsto date. Zelensky welcomed the move.

what is causing the price volatility of sab industries limited (539112) ✌️【Investment Advisor】✌️ AI-driven stock trend forecasting with free access to real-time market data, offering personalized investment advice and expert predictions. The sanctions target nearly 200 oil-carrying vessels, many thought to be part of the fleet. A senior administration official said: “We expect our actions to cost Russia upwards of billions of dollars per month.”

In December 2022, the Group of Seven (G7) nationscappedthe price of Russian oil at $60 per barrel. The cap was designed to be enforced by companies that provide shipping, insurance and other services for Russian oil. If a buyer agreed to pay more than the cap, the companies would withhold their services.

what is causing the price volatility of sab industries limited (539112) ✌️【Investment Advisor】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. To dodge these sanctions, Russia has used aging, often uninsured tankers flagged in countries that do not observe the G7 sanctions.

what is causing the price volatility of sab industries limited (539112) ✌️【Investment Advisor】✌️ Free expert predictions on stock trends and real-time data to help you make informed decisions and grow your wealth steadily. The Centre for Research on Energy and Clean Air (CREA), a Finnish think-tank, said 420 vessels exported Russian crude oil and oil products last month, of which 234 were “shadow tankers,” and 30% of these were at least 20 years old.

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