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US lawmakers want to sanction Russia's "shadow fleet"

On Friday, a group of Republican senators and Democratic senators in the United States introduced legislation that would increase sanctions against Russian energy. The legislation specifically targets a collection older oil tankers which lawmakers claim are used to avoid existing U.S. sanctions on energy.

The "Sanctioning Harbors and Dodgers of Western Sanctions" or SHADOW Fleets Act is a response to President Donald Trump's statement that he wanted to discourage other countries from buying Russian oil. This fuels Russia’s economy and pays for its war in Ukraine.

The bill was sponsored by Senators Jim Risch, a Republican from Idaho and Jeanne Shaheen, a Democrat from New Hampshire and the top Democrat on the Senate Foreign Relations Committee. Seven other Republican and Democratic Senators also signed the bill.

The bill targets the shadow fleet by providing the U.S. with a list that can be used to identify vessels supporting Russian naval forces. It also establishes strict sanctions liability on any ship involved in a transfer involving a sanctioned ship.

It also sanctions Russian Arctic Liquid Natural Gas Projects and the development of new Russian LNG projects. The Nord Stream II pipeline from Europe would also be terminated.

This measure would also bring U.S. sanctioning more in line with the European Union. EU officials announced on Friday that the bloc intends to ban Russian LNG exports one year earlier than anticipated, as part a 19th set of sanctions against Moscow.

Prospects for the bill were unclear. The prospects of a separate bill to impose tough sanctions on Russia were not clear.

While the world was reacting to the Russian incursion in Estonian airspace that raised concerns of increased instability, several groups of senators introduced separate bills Friday to increase security in Eastern Europe as well as use frozen Russian assets for Ukraine.

(source: Reuters)