The European Union has put forward a new sanctions package that includes a complete ban on maritime services related to Russian oil exports. This measure aims to restrict Russia’s ability to generate revenue from its energy sector by targeting the shipping and logistical support essential for oil transportation.
The proposal is part of broader efforts by the EU to increase economic pressure on Russia amid ongoing conflicts. Officials hope that tightening restrictions on oil exports will encourage Russia to engage in peace negotiations.
**Why this matters**
Russia’s oil exports are a significant source of income for the country, funding various state activities. Limiting maritime services disrupts the supply chain and raises costs for Russian oil shipments, potentially reducing the volume of exports. This move reflects the EU’s strategy to leverage economic tools to influence geopolitical outcomes.
Source: NewsData