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Greece and Malta hesitate over EU’s Russia oil services ban — Bloomberg

Alberto Nardelli & Ewa Krukowska / Bloomberg
Alberto Nardelli & Ewa Krukowska / Bloomberg • 4 min read
Greece and Malta hesitate over EU’s Russia oil services ban — Bloomberg
Greece and Malta fear that European Union proposal to replace a Russian oil price cap with a ban on the services needed to ship the fuel may affect Europe’s shipping industry and energy prices. (Photo by Bloomberg)
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(Feb 10): Greece and Malta have emerged as the main obstacle to a European Union (EU) proposal to replace a Russian oil price cap with a ban on the services needed to ship the fuel.

The two southern European countries raised concerns about the move at an EU ambassadors’ meeting on Monday where the bloc’s latest sanctions package was presented, according to people familiar with the matter.

They expressed fears that the switch may affect Europe’s shipping industry and energy prices, said the people, who spoke on condition of anonymity to discuss private deliberations.

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