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Home > Finance > France 'reasonably optimistic' of G7 maritime ban on Russian oil, minister says

France 'reasonably optimistic' of G7 maritime ban on Russian oil, minister says

Published by Global Banking & Finance Review®

Posted on February 14, 2026

1 min read

Last updated: February 14, 2026

France 'reasonably optimistic' of G7 maritime ban on Russian oil, minister says - Finance news and analysis from Global Banking & Finance Review

Tags:oil and gas energy market financial community

Quick Summary

France is hopeful about a G7 maritime ban on Russian oil, potentially part of the next EU sanctions package. Discussions continue among G7 countries.

France Optimistic About G7 Agreement on Maritime Ban of Russian Oil

G7 Countries Discuss Maritime Ban on Russian Oil

MUNICH, Feb 14 (Reuters) - Some G7 countries have expressed willingness to move ahead with maritime services ban of Russian oil and France is "reasonably optimistic a deal can be reached, French Foreign Minister Jean-Noel Barrot said on Saturday.

France's Position on the Ban

"We hope to be able to include it in the 20th (EU) sanctions package we are actively preparing," Barrot told reporters after a G7 foreign ministers meeting in Munich.

Implications for EU Sanctions

"Some of the G7 countries have expressed willingness to move forward. The jury is still out, but my expectations are reasonably optimistic," he added.

(Reporting by John Irish, writing Leigh ThomasEditing by Bernadette Baum)

Key Takeaways

•France is optimistic about a G7 maritime ban on Russian oil.
•The ban could be part of the 20th EU sanctions package.
•Some G7 countries are willing to move forward with the ban.
•French Foreign Minister Jean-Noel Barrot leads the discussions.
•The outcome of the G7 meeting remains uncertain.

Frequently Asked Questions about France 'reasonably optimistic' of G7 maritime ban on Russian oil, minister says

1What is a maritime ban?

A maritime ban refers to restrictions imposed on shipping services, preventing the transport of certain goods, such as oil, from specific countries.

2What are EU sanctions?

EU sanctions are restrictive measures imposed by the European Union against countries, individuals, or entities to influence their behavior or policies.

3What is Russian oil?

Russian oil refers to crude oil and petroleum products extracted from Russia, which is one of the world's largest oil producers.

4What are the implications of sanctions?

Sanctions can lead to economic isolation, reduced trade, and financial penalties for the targeted country, affecting its economy and international relations.

G7 Countries Discuss Maritime Ban on Russian Oil

France's Position on the Ban

"We hope to be able to include it in the 20th (EU) sanctions package we are actively preparing," Barrot told reporters after a G7 foreign ministers meeting in Munich.

Implications for EU Sanctions

"Some of the G7 countries have expressed willingness to move forward. The jury is still out, but my expectations are reasonably optimistic," he added.

(Reporting by John Irish, writing Leigh ThomasEditing by Bernadette Baum)

Key Takeaways

•France is optimistic about a G7 maritime ban on Russian oil.

•The ban could be part of the 20th EU sanctions package.

•Some G7 countries are willing to move forward with the ban.

•French Foreign Minister Jean-Noel Barrot leads the discussions.

•The outcome of the G7 meeting remains uncertain.

Frequently Asked Questions

1What is a maritime ban?

A maritime ban refers to restrictions imposed on shipping services, preventing the transport of certain goods, such as oil, from specific countries.

2What are EU sanctions?

EU sanctions are restrictive measures imposed by the European Union against countries, individuals, or entities to influence their behavior or policies.

3What is Russian oil?

Russian oil refers to crude oil and petroleum products extracted from Russia, which is one of the world's largest oil producers.

4What are the implications of sanctions?

Sanctions can lead to economic isolation, reduced trade, and financial penalties for the targeted country, affecting its economy and international relations.