Government of Finland

12/16/2024 | Press release | Distributed by Public on 12/16/2024 12:26

Group of Coastal states around Baltic Sea and North Sea to take targeted measures against Russian shadow fleet

Group of Coastal states around Baltic Sea and North Sea to take targeted measures against Russian shadow fleet

Ministry for Foreign Affairs
Publication date 16.12.2024 20.18 | Published in English on 16.12.2024 at 20.20
Press release

In connection with the JEF Leaders' Summit in Tallinn on 16 December, a group of coastal states around the Baltic Sea and the North Sea announced that they will begin regularly inspecting the insurance certificates of oil tankers used by Russia. Inspections will be carried along the route used by the shadow fleet through the English Channel, the Denmark Strait and the Gulf of Finland. In addition, further sanctions will be imposed against oil tankers belonging to Russia's shadow fleet.

A number of coastal states around the Baltic Sea and the North Sea (the United Kingdom, Denmark, Sweden, Finland, Poland and Estonia) have agreed on joint measures to crack down on the shadow fleet. The group will be carrying out regular inspections of shadow fleet vessels to check their insurance coverage for oil spills.

Finland started inspections of vessel insurance certificates on voluntary basis 11 December. The UK began carrying out inspections in October, while Estonia has been inspecting tankers anchoring in its exclusive economic zone since the summer. The other countries in the group are getting ready to start inspections.

"Oil tankers used by Russia present considerable environmental risks. The accident involving two tankers in the Black Sea this weekend is a stark example of what can happen when these risks materialise," says Minister for Foreign Affairs Elina Valtonen.

Valtonen emphasised that Finland has taken measures to minimise the risks.

"Finland began carrying out inspections of insurance certificates for the oil tankers on voluntary basis last week to make sure they have sufficient insurance coverage. Vessels can be added to the sanctions lists of the EU and other countries in the sanctions coalition on the basis of certain criteria. The 15th sanctions package adopted today by the EU Foreign Affairs Council adds 52 shadow vessels to the list," Valtonen said.

High-risk vessels have already been sanctioned by the EU, the United Kingdom and the United States. The EU sanctions list includes a total of 79 vessels. According to the Centre for Research on Energy and Clean Air (CREA), the sanctions have had a direct impact on the oil transportations by the fleet, which has decreased by 80 per cent since the vessels were added to the lists.

The group of 12 coastal states published a declaration on the joint measures in connection with the JEF Summit in Tallinn.

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