EU may introduce insurance ban for ships carrying Russian oil – Yermak

The relevant statement was made by Head of the Office of the President of Ukraine Andriy Yermak on Telegram, an Ukrinform correspondent reports.

“According to the data from Wall Street Journal, this will be part of the sixth sanctions package. This ban is one of the most serious financial instruments of the EU’s influence that the bloc has at its disposal to harm the Russian economy. Now it will be difficult for Russia to sell its oil to Asia, as European companies insure most of the world’s oil trade,” Yermak wrote.

In his words, the EU and the United Kingdom are also discussing a coordinated ban on insuring ships carrying Russian oil.

Photo: Office of the President of Ukraine

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