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    Home > Finance > EU adds Niels Troost to Russia sanctions list
    Finance

    EU adds Niels Troost to Russia sanctions list

    Published by Global Banking & Finance Review®

    Posted on December 16, 2024

    1 min read

    Last updated: January 27, 2026

    This image highlights the recent U.S. intelligence report regarding Russia's potential misidentification of an Azerbaijani Airlines flight as a drone, leading to a tragic incident in Kazakhstan. It underscores the ongoing complexities in the region amidst the financial implications of military actions.
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    Quick Summary

    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.

    EU Expands Sanctions List, Adds Niels Troost

    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)

    Key Takeaways

    • •EU adds Niels Troost to Russia sanctions list.
    • •Paramount Energy traded Russian oil above price cap.
    • •UK sanctioned Paramount in November 2023.
    • •EU's 15th sanctions package targets Russia and China.
    • •New measures against Moscow's shadow fleet.

    Frequently Asked Questions about EU adds Niels Troost to Russia sanctions list

    1What is the main topic?

    The main topic is the EU's addition of Niels Troost to its Russia sanctions list due to oil trading violations.

    2Who is Niels Troost?

    Niels Troost is the businessperson controlling Paramount Energy and Commodities DMCC, recently sanctioned by the EU.

    3What actions did Paramount Energy take?

    Paramount Energy traded Russian oil above the EU's oil price cap, leading to sanctions.

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