07-05-2025
EU Floats Sanctions on Lukoil Dubai Unit for Shadow Fleet Link
The European Union is considering imposing sanctions on Litasco Middle East DMCC, a Dubai-based trading unit of Russian oil giant Lukoil PJSC, as part of sweeping new measures targeting Moscow's covert fleet of tankers.
The move, floated in documents seen by Bloomberg, would be the first time Western governments have sought to sanction a Litasco entity since the invasion of Ukraine. Its parent company Lukoil was the second-largest seller of Russian crude to foreign markets last year.
