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PoliticsEU Drops Plan to Stop Tankers Moving Russian Oil AnywhereImportant ban on oil-tanker insurance remains on the tableBan on vessels needs international coordination, documents sayG-7 Leaders Commit to Banning Imports of Oil From RussiaByNikos Chrysoloras, Alberto Nardelli, and Ewa Krukowska+FollowMay 9, 2022, 10:15 AM UTCUpdated onMay 9, 2022, 11:52 AM UTCSign up here to get the latest updates on the Russian invasion of Ukraine. You can also follow us on Telegram here.The European Union is set to soften its sanctions package on Russian oil exports after a weekend of wrangling, though it aims to keep a key shipping provision that will hinder Moscow’s ability to export its crude.