Proposal for a Comprehensive Ban on Maritime Services
The European Union is actively considering a full ban on providing maritime services to vessels transporting Russian oil, a move it is prepared to enact independently of the G7 nations. However, the proposal, which forms part of a broader 20th sanctions package targeting Russia's energy, finance, and trade sectors, is being obstructed by Greece and Malta. These member states are currently blocking the advancement of the new sanctions package.
Details of the Proposed Sanctions Package
European Commission President Ursula von der Leyen has presented a draft of the 20th sanctions package against Russia, which includes:
- expanded restrictions targeting the 'shadow fleet' of tankers;
- new limitations on banks;
- additional trade prohibitions.
Greece and Malta are creating significant hurdles for its adoption. Furthermore, Hungary may also delay the approval of this sanctions package. This maritime services ban is a key tool to tighten the enforcement of the G7's oil price cap, which aims to limit Kremlin revenue while keeping oil flowing globally.
Italy and Spain have opposed the inclusion of Georgia's Kulevi port and a Cuban bank on the sanctions list. EU Commissioner for Economy, Valdis Dombrovskis, emphasized the importance of coordinated action at the G7 level, stating:
'The greater the coherence we can achieve, particularly at the G7 level, the better. However, we will not hesitate to take measures at the EU level if a broader agreement cannot be reached.' - Valdis Dombrovskis
Consequently, despite the EU's intent to impose stricter sanctions on Russia, substantial internal obstacles could delay or complicate the adoption of the new restrictions. The blocking actions by some member states highlight internal divisions within the EU, potentially complicating collective action in response to Russian aggression and affecting the overall efficacy of the sanctions policy. If consensus is not reached, the EU may be forced to act independently, leading to a divergence in approaches among member states.