{
    "success": true,
    "data": {
        "id": 1703749,
        "msgid": "linked-to-eu-sanctions-on-russia-karimun-terminal-issues-statement-1777290721",
        "date": "2026-04-27 17:54:48",
        "title": "Linked to EU Sanctions on Russia, Karimun Terminal Issues Statement",
        "author": "Fitriyan Zamzami",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Regulation",
        "summary": "PT Oil Terminal Karimun (OTK) has clarified that it is not designated as a sanctioned entity under the EU's Council Regulation 2026\/506, despite the mention of \"Karimun Oil Terminal, Indonesia\" in the document, which refers to the location rather than the company itself. The firm denies any involvement in handling Russian crude oil, stating it lacks facilities for such activities and adheres strictly to compliance measures to avoid dealings with sanctioned entities. This response addresses potential misconceptions arising from public information, emphasising that transactions outside EU jurisdiction are not subject to these sanctions.",
        "content": "<p>PT Oil Terminal Karimun (OTK) states that the company is not included\namong the entities subject to sanctions under Council Regulation (EU)\n2026\/506 dated 23 April 2026. This clarification comes following the\nmention of \u201cKarimun Oil Terminal, Indonesia\u201d in the said document.<\/p>\n<p>OTK\u2019s management explains that the mention refers to the\ninfrastructure or location listed in the regulation\u2019s annex, not a\ndesignation of the company\u2019s legal entity as a sanctioned subject. The\ncompany assesses that there has been a misunderstanding in interpreting\nthe inclusion.<\/p>\n<p>\u201cPT Oil Terminal Karimun and its terminal facilities are not\ndesignated as legal entities subject to sanctions under the\naforementioned regulation,\u201d the management wrote in its official\nstatement, quoted by Republika.co.id on Monday (27\/4\/2026).<\/p>\n<p>OTK emphasises that the term \u201cKarimun Oil Terminal, Indonesia\u201d is not\nthe official legal name of the company. Therefore, the mention cannot be\nregarded as a formal designation of the company as a sanctioned\nentity.<\/p>\n<p>The company also explains that the EU sanctions framework applies in\na limited manner to connections with EU jurisdiction, including\nentities, individuals, flagged vessels, territories, or services within\nthe scope of EU law.<\/p>\n<p>\u201cTransactions conducted entirely outside the EU by non-EU parties are\nnot subject to EU sanctions,\u201d the management wrote.<\/p>\n<p>OTK expresses concern that the mention may have been influenced by\ninaccurate and unverified public information. The company deems that\nthis does not reflect the actual operational conditions.<\/p>\n<p>In its explanation, OTK affirms that it does not possess crude oil\nstorage tanks or facilities for handling crude oil. All allegations\nlinking the company to Russian crude oil activities are refuted.<\/p>\n<p>\u201cOTK does not have crude oil storage tanks and does not operate\nfacilities for the storage or handling of crude oil,\u201d the management\nwrote.<\/p>\n<p>The company also affirms that allegations of OTK\u2019s involvement in\nactivities related to Russian crude oil are not factual.<\/p>\n<p>\u201cAny allegation that OTK facilitates the storage, concealment,\nblending, or transfer of Russian crude oil is factually untrue,\u201d the\nmanagement wrote.<\/p>\n<p>OTK states that it continues to implement a strict compliance system,\nincluding due diligence on all business partners. The company assures\nthat it does not provide services to sanctioned entities. \u201cOTK does not\nreceive nor provide services to sanctioned entities,\u201d the management\nwrote.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/linked-to-eu-sanctions-on-russia-karimun-terminal-issues-statement-1777290721",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}