The EU is considering a full maritime services ban on Russian oil. While the final proposal is still under negotiation, the measure would replace the current oil price-cap regime by prohibiting European and allied companies from providing maritime services for Russian oil exports, regardless of the sale price. The ban would cover transportation, insurance, financing, and other related services. This brief outlines how such a full services ban could be designed and implemented effectively, and how to address potential negative side effects and potential Russian countermeasures.
The Nordic-Baltic Eight: Policy brief series
This policy brief series aims to deepen understanding of the evolving security, political, and societal dynamics that shape the Nordic-Baltic region amid renewed great-power competition.
The series is jointly published by the Finnish Institute of International Affairs (FIIA), the Danish Institute for International Studies (DIIS), the Icelandic Institute of International Affairs (IIA), the International Centre for Defence and Security (ICDS), the Institute of International Relations and Political Science at Vilnius University (TSPMI), the Latvian Institute of International Affairs (LIIA), the Norwegian Institute of International Affairs (NUPI), and the Swedish Institute of International Affairs (UI).
