Why The EU Will Abandon Its Plan To Ban Tankers From Shipping Russian Crude

The European Union is expected to leave out of the next sanctions package against Russia a proposed ban on EU-owned vessels from transporting Russian oil anywhere in the world due to objections from Greece, the EU member most reliant on international shipping, Bloomberg reported on Monday, quoting documents it has reviewed and sources with knowledge of the talks. The European Commission last week officially proposed a full ban on Russian crude and oil product imports by the end of the year. The initial draft of the sixth sanctions package against…