Latvian Foreign Minister Baiba Braže has called for a ban on European companies providing “maritime services” to Russian vessels, APA reports. This move comes as the EU’s reduced price cap on Russian crude oil exported by sea took effect on 1 February, with a price of US$44.10 per barrel.
Braże emphasized that a full maritime services ban would ensure that EU companies are not supporting Russian trade, while cutting income in Russia’s budget. This proposal is part of the expected components of the EU’s 20th sanctions package against Russia, which is planned to be symbolically adopted on 24 February, the fourth anniversary of Russia’s full-scale invasion of Ukraine.
EU Sanctions Package Against Russia
The European Commission is expected to publish its proposal on the content of the package next week. France has expressed a desire for the EU’s 20th sanctions package against Russia to be “particularly tough” with regard to the shadow fleet. The exact details of the proposed package have not been disclosed, but it is likely to include measures aimed at further restricting Russian trade and economic activities.
Maritime Services Ban
A ban on providing maritime services to Russian vessels would significantly impact Russia’s ability to transport its crude oil exports. This move would also put pressure on European companies that currently provide these services to Russian vessels. The EU has already imposed several rounds of sanctions against Russia, including restrictions on the provision of certain goods and services.
Shadow Fleet Concerns
The shadow fleet refers to a network of tankers and other vessels that have been used to circumvent international sanctions against Russia. These vessels are often registered in countries with more lenient regulations or are operated by companies with ties to Russian interests. France has expressed particular concern about the shadow fleet, as it believes that these vessels are being used to evade sanctions and continue to support Russia’s economy.
In conclusion, Latvian Foreign Minister Baiba Braže’s call for a ban on European companies providing maritime services to Russian vessels is part of a broader effort by the EU to increase pressure on Russia. The proposed 20th sanctions package against Russia is expected to include measures aimed at restricting Russian trade and economic activities, including a potential ban on maritime services.
Original Article: Latvia calls for EU ban on provision of maritime services to Russian vessels — Apa