Norway hits Russia. Ban with immediate effect

“We support the European Union in imposing sanctions on Russia in order to put pressure on that country’s government and its leadership. Now we are banning oil imports from Russia to Norway by sea,” the Norwegian government officially announced.

“Crude oil and petroleum products import ban from Russia takes effect immediatelybut the regulation provides the transition period for deliveries of crude oil until December 5, 2022, and for petroleum products until February 5, 2023.“- added in the statement.

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Russia without technical support

Norway itself is a major oil exporter, so the import ban may not seem painful for Russia, but further restrictions may be more burdensome. Government of Norway it also prohibited the provision of technical and technological assistance, financing investments related to the purchase, import or transfer of oil. It is forbidden to transport and facilitate Russian oil to third countries.

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