The EU's 21st sanctions package designates 41 additional vessels, expanding the target list against Russia's 'shadow fleet' to over 100 ships.

This action increases the risk profile for maritime operators dealing with vessels linked to Russian crude and refined products. Shipowners, charterers, and insurers worldwide face heightened scrutiny and potential penalties for involvement with designated vessels, leading to increased due diligence requirements and compliance costs. The expanded sanctions aim to reduce Russia's oil revenues by limiting its ability to transport goods globally via non-compliant shipping.