Transport Minister Aaron Farrugia has confirmed to Times of Malta that Malta is seeking a compromise with the EU on the proposal that seeks to ban the transportation of Russian oil on EU-flagged or controlled ships.
European Commission President Ursula Von der Leyen presented the plans in an effort to detach the bloc off it’s dependence on Russian energy sources following Moscow’s invasion of Ukraine.
Von der Leyen told the EU parliament on Wednesday that it was seeking to phase out crude Russian oil in six months and refined products by the end of the year. The plan requires approval of all 27 member states in order to see implementation.
It is understood that Malta signalled reservations during a meeting between EU member states on the sanctions package on Wednesday. Sources told the newsroom that the ban on transportation of oil could massively impact thee shipping industry.
Minister Aaron Farrugia said that technical discussions about the matter are currently ongoing. He said that Malta has its own interests to protect but it also wants to balance that with meeting the sanctions obligations.
‘When we have all the information in hand the government will make a decision as it always has’ said Farrugia. The Minister was reluctant on elaborating further but said that Malta’s shipping industry is of huge strategic importance and that its flag has an ‘important difference’ to that of other countries.
According to international news portal Politico, Cyprus and Greece also raised concerns with the Commission about the proposal.
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