EU bans trade with Russia's largest carrier

A new wave of sanctions now prohibits all new contracts, investments and transactions with a number of Russian shipping companies. Sovcomflot and the Russian oil industry are among those included on the list.

Photo: Anton Vaganov/Reuters/Ritzau Scanpix

BRUSSELS – After weeks of focus on particularly supply chains and the financial sector, the EU’s 27 member countries now specifically target trade with a number of Russia’s biggest companies.

That is evident after the EU late Tuesday afternoon published a new list of sanctions, which through so-called transaction bans prohibit dealings with Sovcomflot and several Russian transportation firms.

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