Overview
- Greece and Malta voiced reservations over replacing the oil price cap with a ban on services needed to transport Russian crude and asked for clarifications on proposed sanctions for foreign ports, according to Bloomberg.
- An EU proposal reported by Reuters would sanction the Kulevi port in Georgia and the Karimun port in Indonesia for handling Russian oil, which would bar EU companies and individuals from dealings with those ports.
- The European Commission is considering a blanket ban on cryptocurrency operations linked to Russia, targeting the Garantex ecosystem and the A7 ruble stablecoin and proposing a prohibition on use of the digital ruble, the Financial Times reports.
- Commission President Ursula von der Leyen said the package includes a full ban on maritime transport of Russian crude as part of broader energy, financial and trade measures.
- Draft measures expand import bans to selected metals, salt, ammonia, pebbles and silicon and add regional banks in Kyrgyzstan, Laos and Tajikistan as alleged facilitators of evasion, Reuters reported.