EU ambassadors reportedly failed to reach a consensus on a proposed 20th sanctions package against Russia during a recent meeting, according to diplomatic sources cited by Reuters. This sanctions package comes at a time when the European Union continues to respond to Russia's ongoing military actions in Ukraine, aiming to finalize the new measures by the fourth anniversary of the Ukraine conflict's escalation. The proposed measures include a significant full ban on maritime services to Russian oil tankers, a move that would replace the existing price cap regulations.

The main contention points center on the proposed restriction against insurance, banking, shipping, and port access services for vessels carrying Russian crude oil. Countries like Greece and Malta, which have robust maritime sectors, are leading the charge against this proposed ban. They argue that such a unilateral action from the EU without unified support from the G7 would severely damage their economies, driving shipping businesses toward more competitive markets in India and China.

Opposition from these member states highlights the intricacies of crafting a cohesive EU strategy against Russia, especially when national interests are at stake. The hesitation to impose strict measures reflects a broader debate within the EU about balancing collective action with individual economic vulnerabilities, raising questions about the effectiveness and unity of Europe's response to the ongoing conflict in Ukraine.