Macron proposed a dual moratorium on strikes against the Black Sea and oil refineries in Russia
French President Emmanuel Macron proposed introducing a “double moratorium” in Ukraine to ease tensions in the energy market and avoid a fuel shortage.
According to the French president, France is “doing everything” to “avoid” a fuel shortage.
To this end, Macron proposes, in particular, taking a “diplomatic” approach. He cited the introduction of a “double moratorium in Ukraine” as one such step.
At the same time, the French president stressed the need to work toward restoring shipping through the Strait of Hormuz. In addition, Macron called on G7 countries to “release reserves once again to ease market tensions.”
Macron also explained what he specifically means by a “double moratorium” in Ukraine; however, the excerpt provided by the source does not include details on this part of his statement.
Emmanuel Macron made these remarks during an interview with the French television channel BFMTV.
The European Union advocates for a moratorium on attacks in the Black Sea to ensure the safe export of Ukrainian grain.
Ankara is exploring options to resume food exports and prevent a spike in global food prices caused by the suspension of exports via the Black Sea. To this end, Turkey has stepped up negotiations with Ukraine and Russia on establishing a new security mechanism in the shipping region.
Russian strikes on Ukrainian ports and problems with maritime exports could jeopardize not only this year’s grain shipments but also the 2027 planting season. Due to difficulties in selling their harvest, farmers risk being left without sufficient funds for seeds, fertilizers, fuel, and other necessary resources.