Home Business Norway bans oil imports from Russia

Norway bans oil imports from Russia

Norway bans oil imports from Russia

Norway bans oil imports from Russia


Norway is imposing a number of new sanctions against Russia, including a ban on Russian oil imports by sea.

This was announced by the Ministry of Foreign Affairs of Norway, Ukrinform reports with reference to Norway Today.

As noted, the embargo on Russian oil is introduced as part of the sixth package of EU sanctions.

“We support the EU with regard to sanctions against Russia in order to maintain pressure on the government and the country’s elite. Now we are banning the import of oil transported by sea from Russia to Norway,” said Foreign Minister Anniken Huittfeldt.

It is noted that the ban on the import of crude oil and other petroleum products from Russia comes into force immediately. At the same time, Norway has identified transitional periods. Thus, from December 5, 2022, a complete ban will come into effect for crude oil, and from February 5, 2023, for petroleum products.

Read also: The assets of the Russian Tatneft group of companies were transferred to ARMA

In addition, 65 people and 18 companies were included in the sanctions list this time. Now there are 1158 people and 98 companies on the list. Among them are people believed to be responsible for the actions of Russian soldiers in Bucha and Mariupol, leading businessmen and members of sanctioned oligarchs and government officials, several defense industry companies and a financial institution.

On June 3, the EU adopted the sixth package of sanctions against Russia and Belarus in connection with Russia’s unprovoked aggression against Ukraine.


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