France Fines Tagor Tanker €1 Million for Shipping Russian Oil Amid Sanctions Crackdown
French Authorities Impose Sanctions on Russian Oil Shipment
Tagor Tanker Intercepted and Fined
PARIS, July 2 (Reuters) - French authorities on Thursday fined the 'Tagor' tanker, which they intercepted and impounded at the end of May over its role in shipping Russian oil and gas, €1 million ($1.1 million).
Release of the Tagor Tanker
• The French Ministry of Justice added in a statement that the Tagor was now free to leave French waters, following the payment of the fine.
French Commandos Board the Vessel
• On June 1, French President Emmanuel Macron posted a video on X showing commandos boarding the Tagor in an operation that occurred the previous day.
Context: Russia’s Shadow Fleet and Western Sanctions
Use of Shadow Fleet to Evade Sanctions
• Russia has relied on old vessels, known as the 'shadow fleet', to ship its oil and gas, in order to avoid sanctions imposed on Moscow by Western governments due to Russia's war in Ukraine.
European Efforts to Block Sanctioned Shipments
• France and Britain have vowed to obstruct such vessels as part of a European strategy to reduce Russia's ability to fund the war.
Russia’s Response to Sanctions
• Russia rejects the "shadow fleet" label. The Russian government says its oil shipments are legitimate, and it has condemned Western attempts to intercept tankers as illegal and akin to piracy.
Additional Information
($1 = 0.8765 euros)
(Reporting by Juliette Jabkhiro and Sudip Kar-Gupta; Editing by Emelia Sithole-Matarise)
