EU adds Niels Troost to Russia sanctions list
Published by Global Banking & Finance Review®
Posted on December 16, 2024
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on December 16, 2024
1 min readLast updated: January 27, 2026

The EU has added Niels Troost to its Russia sanctions list, citing oil trades above the price cap. Paramount Energy was previously sanctioned by the UK.
LONDON (Reuters) - The EU has added Niels Troost, the businessperson controlling Paramount Energy and Commodities DMCC, to its Russia sanctions list on Monday, according to a document published online.
The EU said Paramount "repeatedly traded Russian oil above the oil price cap after its introduction" in the document. Paramount was sanctioned by the UK in November 2023.
The EU adopted its 15th package of sanctions against Russia over its invasion of Ukraine on Monday, which included tougher measures against Chinese entities and more vessels from Moscow's so-called shadow fleet.
(Reporting by Robert Harvey and Julia Payne; Editing by Christina Fincher)
The main topic is the EU's addition of Niels Troost to its Russia sanctions list due to oil trading violations.
Niels Troost is the businessperson controlling Paramount Energy and Commodities DMCC, recently sanctioned by the EU.
Paramount Energy traded Russian oil above the EU's oil price cap, leading to sanctions.
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