EU rejects ban on shipping Russian crude – media

BRUSSELS 9 MAY RT.COM- Brussels has opted to cancel plans to prohibit EU member-owned ships from moving Russian crude oil to third-party countries but, a ban on insuring Russian tankers is reportedly still being reviewed according to documents seen by Bloomberg, Monday.

The ban on transporting Russian crude, which was proposed as part of the EU’S sixth package of sanctions over Moscow’s military operation in Ukraine, was reportedly opposed by Greece, whose economy heavily relies on shipping, people familiar with the matter told the media.

EU countries are also reportedly still debating the package, with diplomats seeking to overcome objections voiced by Hungary to a proposed ban on Russian oil rt.com reported.

Last week, the bloc proposed a revision to the oil embargo in order to finally agree the ban. The measure is expected to give several member states, including Hungary, Slovakia and the Czech Republic, extra time to comply with the measure.