European countries have issued a joint statement warning Russia that its shadow fleet tankers will no longer be able to operate freely in the Baltic Sea.
I would speculate that it’s related to Russia’s ability to retaliate and Russian allies willingness to help. Also, Russian reliance on the shadow oil trade is exponentially higher than it was a couple of years ago, so the investment loss is much higher now.
Most of all, politicians are just slow. I am not extremely familiar with EU politics, but my assumption is that decisions can take much longer to make when multiple countries are involved in taking actions like this.
I would speculate that it’s related to Russia’s ability to retaliate and Russian allies willingness to help. Also, Russian reliance on the shadow oil trade is exponentially higher than it was a couple of years ago, so the investment loss is much higher now.
Most of all, politicians are just slow. I am not extremely familiar with EU politics, but my assumption is that decisions can take much longer to make when multiple countries are involved in taking actions like this.