Page 13 - FSUOGM Week 40 2022

FSUOGM POLICY FSUOGM

EU to add Russian oil shipping

restrictions to sanctions

EU THE EU is considering introducing ship- in early 2023.
ping restrictions to its sanctions on Russian The EU had excluded shipping from previous
This will fit with the oil, amid ongoing discussions about impos- sanction packages, as ship-owning nations such
bloc's embargo coming ing a price cap on those exports, Bloomberg as Greece and Cyprus opposed it. Now the bloc
into force in December. reported on September 28. wants to include it to avoid loopholes and align
The proposed ban would prevent with the price cap on Russian crude that has
EU-owned ships from transporting Russian oil been agreed by the G7 group. But the changes
that is sold above the agreed price cap, sources will need to be supported by all 27 EU member
told the news agency. The cap itself is yet to be states.
decided. Greece is by far the world’s largest oil It is unclear how effective the Russian oil price
tanker-owning nation, meaning the restriction cap will be, considering that some major buyers
will have significant implications. of that crude, such as China and India, have not
Agreed in June, the EU plans to introduce agreed to comply. However, the US has argued
an embargo on Russian seaborne crude oil that the price cap might still work even if buyers
exports in December, covering the insurance, don’t officially abide by it, as they will still be able
brokering and financing for those shipments, to use the system as leverage to secure cheaper
and extend that to refined petroleum products oil from Russia. ™

Jurabek Mirzamakhmudov has been

appointed new energy minister of

Uzbekistan

UZBEKISTAN JURABEK Mirzamakhmudov has been Geology, Fuel, Energy, Chemical, Petrochemi-
appointed the new Energy Minister of cal and Metallurgical Industry of the Cabinet of
He will also act as Uzbekistan. Ministers.
deputy prime minister Mirzamakhmudov will also act as Deputy From 2018 he served as general director of
for the development Prime Minister for the Development of Fuel, Uzatom and from 2020 he headed Uzkimyos-
of the fuel, energy and Energy and Chemical Industry. The Energy anoat. He also took on the role of First Deputy
chemical industry. Ministry said Mirzamakhmudov would con- Energy Minister from 2019 to 2020. ™
tinue the strategy of growing Uzbekistan’s energy
diversity, which started with the reform of the
ministry in December 2019.
He succeeds Alisher Sultanov, who stood
down from the role due to health reasons.
Born in 1979 in Namangan region, Mirzam-
akhmudov received his education at the Uni-
versity of Alabama and the Tashkent Institute of
Chemical Technology.
After working for state-owned Uzbekneft-
egaz between 2006-2012, he went on to become
Deputy Minister of Economy (2012-2014),
board member and later chairman of the board
of Uzkimyosanoat (2014-2017), and headed the
Information and Analytical Department for

Week 40 06•October•2022 www. NEWSBASE .com P13