Greece and Malta Oppose EU Ban on Services for Russian Oil Exports
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Greece and Malta oppose ban on services for Russian oil exports by sea

Representatives of both southern European countries at a recent meeting of EU ambassadors expressed concerns that a move to such restrictions could affect the European shipping industry and energy prices. They also asked for clarification on proposals to impose sanctions on foreign ports for transshipment of Russian oil and to tighten controls on ship sellers, Logos Press reported.
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tanker at the dock

The Bloomberg news agency quoted its sources as saying. As previously reported in the European Commission, such restrictions may become part of a new sanctions package.

The measures aimed at banning maritime services for Russian oil exports were presented in Brussels last week.

It was noted that Russia exports more than a third of its oil – mainly to India and China – on Western tankers using Western maritime services. EU fleets, primarily those of Greece, Cyprus and Malta, play a major role in these shipments. The ban was intended to put an end to this trade: the proposal would affect insurance and transportation companies.

Back in December, Reuters wrote that the EU and G7 countries were discussing a ban on maritime transportation services as a substitute for a price ceiling on Russian oil. Bloomberg notes that the U.S. position on this issue is not entirely clear.



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