The European Union is facing internal resistance as Greece and Malta oppose its latest proposal regarding sanctions on Russian crude oil. The suggested measure, which was put forward by the European Commission, aims to replace the existing G7 price cap with a comprehensive ban on all EU maritime services, including shipping and insurance, related to Russian crude oil. This would take effect regardless of the purchase price of the crude, representing the EU's 20th sanctions package aimed at curbing Russia's influence following its actions in Ukraine.

During a recent meeting of EU ambassadors, Greek and Maltese representatives voiced their concerns that implementing the ban would severely impact Europe’s shipping industry, which they believe could lead to increased energy prices and economic strain. The shipping sector, particularly dominated by Greek-owned companies, plays a significant role in the transportation of Russian oil, and these nations worry that the prohibition could have widespread ramifications for their economies and the broader EU market. As a result, the proposal has faced pushback from these two nations, seen as critical in European maritime activities.

In response to the dissent, officials from the European Commission are reportedly engaged in negotiations with both Athens and Valetta to address their concerns and potentially find a compromise that would enable the EU to move forward with its sanctions while mitigating negative impacts on its member states. As discussions continue, the outcome may significantly influence the EU's overall strategy regarding sanctions against Russia and reflect the complexities of maintaining a united front among member states dealing with divergent national interests.