Denmark doubted the possibility of inspecting ships from Russia due to EU sanctions

The EU planned for Denmark to inspect Russian oil tankers to ensure compliance with sanctions and price caps. Denmark said it has “limited capacity” for such checks.

Denmark has “very limited capabilities” to inspect tankers passing through its territorial waters to monitor compliance with oil sanctions against RUSSIA, in particular price ceilings, the shipping industry publication TradeWinds reports, citing the Danish Maritime Authority.

A proposal to give Denmark the right to inspect and possibly block Russian oil tankers transiting through its waters was made by the European Union, which is preparing the 12th package of sanctions against Russia. The Financial Times wrote about this, citing sources.

The newspaper noted that Denmark will be able to carry out such inspections in accordance with laws allowing states to inspect ships that, in their opinion, pose a threat to the environment. The entire Danish Strait (connecting the Baltic and North Seas) passes throughoil that Russia supplies through the Baltic - as the FT noted, this is approximately 60% of the total volume of seaborne Russian oil exports .

Presidential spokesman Dmitry Peskov , commenting on this message, warned that all countries must comply with the rules of international commercial shipping in relation to Russian tankers.

In December 2022, the G7 countries set a price ceiling for Russian oil at $60 per barrel. A similar measure has been in effect for petroleum products from Russia since February 2023. The size of the limit varies depending on the type of product: $100 per barrel for those trading at a premium to crude oil, and $45 per barrel for those trading at a discount. In the first case we are talking about diesel fuel, in the second - about fuel oil.

Companies from Western countries cannot provide services for the transportation of Russian oil or petroleum products if they are sold at a price above the ceiling.

Read PIONERPRODUKT .by Up to ₽400 thousand: what is the cost of an error when maintaining military records What changes in legislation will affect accounting in 2024 Why do we follow our exes and how to stop doing it How the richest self-made American woman made billions in IT by her 80s

President Vladimir Putin, in response to the introduction of price ceilings, issued a decree prohibiting the supply of Russian oil and petroleum products to foreign citizens and companies if the contracts “directly or indirectly provide for the use of a mechanism for fixing a ceiling price.” The decree will be in effect at least until the end of the year.