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Investing.com -- The European Union has imposed sanctions on Iranian oil trader Hossein Shamkhani and several of his companies as part of its latest measures targeting Russia over its war against Ukraine.
Shamkhani, whose father serves as a senior adviser to Supreme Leader Ayatollah Ali Khamenei, was added to the bloc’s sanctions list for his involvement in the Russian oil trade.
The EU described him as "a central player" in Russia’s "shadow fleet."
The sanctions also target his Dubai-based businesses Admiral Group (LON:ADML) and Milavous Group Ltd.
In its statement, the EU said: "Hossein Shamkhani is involved in an economic sector providing a substantial source of revenue to the Government of the Russian Federation."
These measures represent the latest effort by the European Union to pressure Russia through economic sanctions related to its ongoing military operations in Ukraine.
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