In anticipation of the 6th package of sanctions

Sixth circle of hell

The EU is getting closer every day to adopting a new package of sanctions. This time, the proposed restrictions will be no less severe than in previous iterations of sanctions pressure. It is planned that the final version of the sixth package will be finalized and submitted for consideration this week! 

The impetus for this was the ongoing war on the territory of Ukraine. The EU authorities are “shocked by the barbarity of the Russian army and its command, and what is happening now at the Azovstal plant cannot be ignored; footage from Bucha is still fresh in our memory.” In general, the natural development of events. 

What does the sixth package of sanctions include? 

The main point of the sanctions will be a ban on oil imports from Russia until the end of this year. EU officials said that an immediate halt to oil imports would lead to a sharp rise in world oil prices, hurting consumers around the world.

EU officials have said that a boycott of Russian gas is also likely to be part of future sanctions. During the weekend talks, Germany was reported to no longer object to tougher EU sanctions.

The ban on oil supplies to the EU until the end of 2022 will allow Hungary and Slovakia to reduce imports from Russia and find alternative sources. The two countries are heavily dependent on Russian energy. Officials said they are also considering isolating Sberbank, Russia's largest bank, and imposing new financial sanctions on Russian companies and individuals.

What to expect in the near future?

In any case, raising prices for fuel and oil products. Even with the fact that the EU wants to "slow down" the ban on Russian oil imports, a price hike will be inevitable.

As for yachting under sail, then, in the humble opinion of the editor, there are two options. The first option: we are turning to “green” boats and soon the majority will switch to yachts with hybrid or purely electric propulsion. In principle, this idea has been a leitmotif for more than a year, the number of yacht models with hybrid installations, solar panels, etc. is growing steadily. The industry, let's say, has been moving towards “greening” for a long time. 

The second option: stay on fossil fuels. So we will pay more, at some point, perhaps (but not exactly) we will face a temporary deficit. Most likely, American suppliers will seize the initiative and you will have to pay more for their products. 

Which option is ultimately implemented to a greater extent, and which one to a lesser extent ... It is difficult to predict. One thing's for sure - we'll break through. 

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05.05.2022