Bloomberg: Several EU countries oppose new sanctions package; Italy and Hungary raised concerns on proposals to hit Kulevi port
Bloomberg: Several EU countries oppose new sanctions package; Italy and Hungary raised concerns on proposals to hit Kulevi port

In addition to Hungary, Greece, and Malta, the positions of Italy and Spain have also become an obstacle to the adoption of the European Union’s 20th package of sanctions against Russia, Bloomberg reported.

According to the agency’s sources, several states oppose a proposal by the European Commission to include foreign ports and banks allegedly used by Russia for illegal oil sales in the new sanctions package.

As reported, Italy and Hungary have specifically raised concerns about the Kulevi port in Georgia.

Sources explain Italy’s reluctance to sanction the Kulevi port is because it also brings in gas from Azerbaijan, a key energy source for Europe, according to some of the people.

Italy and Spain also oppose the imposition of sanctions against a bank in Cuba. According to the sources, the Cuban bank is the only one working with foreign currencies on the island, servicing diplomats and EU citizens who may need assistance. Other proposed penalties on foreign banks have not faced resistance.

The governments of Italy and Spain declined to comment on the sanctions talks.

Bloomberg adds that the skepticism comes as Greece and Malta also voice fears about a related proposal to replace the Russian oil price cap with a ban on maritime services such as insurance and transportation. That move hinges on backing from the Group of Seven nations, where the US has been non-committal.

Greece and Malta have also expressed hesitation about a port in Indonesia.

Officials close to the negotiations say the stance of the four states could weaken the 20th sanctions package, which the European Commission aims to approve by February 24, the anniversary of Russia’s full-scale invasion of Ukraine.

Previously, Politico reported that Hungary could block the adoption of the new sanctions.