Malta blocks EU's new Russia sanctions over shipping sector fears

Malta blocks EU's new Russia sanctions over shipping sector fears

Malta is currently blocking new EU sanctions against Russia over fears that a proposed price cap on Russian energy will disproportionately impact Malta’s shipping sector.The new sanctions would, among other measures, cap the price of Russian energy exports at 15% below market value.Diplomatic sources told Times of Malta that while Malta agrees with the cap...

Unexpected EU state holding up bloc’s latest Russia sanctions – Politico

Malta is reportedly resisting the proposed lowering of the oil price capA view of Valetta, Malta. ©  kparisMalta has objected to the European Commission’s proposal to further lower the price cap on Russian oil exports, Politico reported, citing EU diplomatic sources. The issue reportedly came up during a meeting of the Committee of Permanent Representatives on Sunday, with Reuters noting that one member state had entered a “technical reservation…