New Zealand Strengthens Russia Sanctions, Targets Oil Sector and Shadow Fleet

New Zealand has expanded sanctions against Russias oil sector, targeting 65 shadow fleet vessels linked to Belarus, Iran, and North Korea, highlighting ongoing international efforts to curb Russian petroleum exports.

• On Thursday, New Zealands Foreign Minister Winston Peters announced new sanctions on Russias oil industry, specifically targeting 65 shadow fleet vessels involved in oil transport.
• The sanctions also encompass actors from Belarus, Iran, and North Korea who are facilitating the refining and payment processes for Russian petroleum.
• The announcement was made during a meeting with the Nordic countries foreign ministers in Stockholm, emphasizing New Zealands commitment to international cooperation against Russian aggression.