Cyprus and Malta, prominent EU shipping nations, are cautioning against excessive sanctions targeting Russia, especially a comprehensive maritime services ban that could harm legitimate businesses.

Amid discussions among the Group of Seven and the European Union on replacing the Russian oil price cap with a full maritime services ban, Cyprus and Malta emphasize the importance of maintaining EU oversight to ensure enforcement of European standards.

As Western tankers play a crucial role in transporting a significant portion of Russia's oil exports, predominantly to India and China, the potential ban necessitates a strategic and measured approach to enhance sanctions efficiency without losing regulatory leverage.

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