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flag The EU seeks G7 approval for a ban on Western maritime services for Russia’s oil, aiming to increase economic pressure.

flag The European Union is seeking G7 agreement before implementing a proposed ban on Western maritime services for Russia’s seaborne crude oil exports, aiming to further restrict Moscow’s war funding. flag The ban, introduced February 6, would cut off shipping, insurance, and related support, potentially undermining the existing $44.10 per barrel price cap. flag While the EU supports the move, U.S. backing remains uncertain, as Washington previously rejected the price cap coalition. flag G7 discussions are expected to align positions, with the EU emphasizing the need for unity to maximize economic pressure on Russia.

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