Brussels Signals Readiness for Independent Action
The European Union is preparing to implement a full ban on maritime services for Russian oil tankers, regardless of whether its G7 partners reach an agreement. Valdis Dombrovskis emphasized that while coordination with the G7 is preferable, it is not an “absolute precondition” for the EU to move forward.
The 20th sanctions package is expected to be approved by 24 February, marking four years since Russia’s full-scale invasion of Ukraine. If enacted, the EU ban would override the G7’s oil price cap of $44.10 per barrel, stopping European companies from servicing Russian tankers entirely, no matter the oil price. Dombrovskis noted that the EU would not hesitate to act independently if broader agreement proves elusive.
Uncertainty Among G7 Allies
It remains unclear how many G7 countries would follow the EU’s lead in ending the price cap. The United Kingdom, Canada, and Australia have acknowledged the EU proposal and continue discussions to maintain coordinated pressure on Russia, according to a British Foreign Office spokesperson. The United States and Japan have not responded publicly.
Within the EU, Greece has raised concerns that a unilateral ban could strengthen competitors in India and China, encourage Russia’s “shadow fleet,” and drive more vessels to switch registries through “deflagging.” Swedish Finance Minister Elisabeth Svantesson emphasized the need for decisive EU action, noting that while broad alignment is ideal, the bloc must take necessary steps independently if needed.
Kyrgyzstan Faces Scrutiny Under New Tool
A key component of the sanctions package is the activation of the Anti-Circumvention Tool, aimed at preventing EU-made sensitive goods from being rerouted to Russia. Kyrgyzstan, which shares a customs union with Moscow, has been flagged as a potential transit point for restricted items.
EU exports to Kyrgyzstan have surged from €263 million in 2021 to €2.5 billion in 2024, with machinery and transport equipment forming the majority. Brussels fears some of these goods could be repurposed for military use in Ukraine. The Kyrgyz foreign ministry has not provided a comment.
Negotiations among EU ambassadors are ongoing, with officials aiming to finalize the sanctions package by 24 February, though the timeline could extend if additional discussion is required.
