Hungary's prime minister says the European Union must abandon its policy of sanctioning Russia for its war in Ukraine or risk causing an economic collapse

The European Union is working on a new package of sanctions aimed at targeting the shadow fleet of tankers Russia is using to get its oil to market, according to people familiar with the matter.

EU member nations hope to approve the package by the end of the year, in time to adopt the sanctions on Feb. 24, 2025 — the third anniversary of Russia's full-scale invasion.

The European Parliament voted on a resolution Thursday urging the European Union to impose more effective sanctions on the Russian "shadow fleet." This term refers to ships that secretly transport oil despite existing restrictions,

On Thursday, the European Parliament voted on a resolution urging the Union to enforce more effective sanctions on the Russian "shadow fleet." This term refers to ships that clandestinely transport oil despite the imposed restrictions.

The European Parliament passed a resolution on 14 November, urging the EU to impose targeted sanctions on Russia's so-called shadow fleet, which enables the country to sell oil while circumventing Western price caps.

The European Union (EU) is moving forward with new sanctions aimed at Russia’s secretive fleet of tankers, which the country uses to move its oil despite international restrictions. This “shadow fleet” is a hidden network of tankers helping Russia sell oil around the world without abiding by price limits.

The European Union plans to impose sanctions on Russia's shadow fleet. These restrictions will be part of the next sanctions package, according to Bloomberg. Information about the European Union's plans to target Russia's shadow fleet,