The Limited Times

Now you can see non-English news...

EU embargo on Russian oil possible 'within days', says Berlin

2022-05-24T07:05:00.482Z


The Europeans have already announced the end of Russian coal imports from next August. A European embargo on Russian oil is possible " within a few days ", estimated the German Minister of Economy Robert Habeck, while the subject does not currently have the necessary unanimity within the Twenty-Seven . To discover Taxes 2022: all about your tax return Read alsoOil stabilizes, EU embargo project still blocked “ Only a few states, especially Hungary, have reported problems ,” Robe


A European embargo on Russian oil is possible "

within a few days

", estimated the German Minister of Economy Robert Habeck, while the subject does not currently have the necessary unanimity within the Twenty-Seven .

To discover

  • Taxes 2022: all about your tax return

Read alsoOil stabilizes, EU embargo project still blocked

Only a few states, especially Hungary, have reported problems

,” Robert Habeck told ZDF public television on Monday evening.

But “

discussions are continuing

” and “

I think we will achieve a breakthrough in a few days.

The Europeans have already announced the end of Russian coal imports from next August.

But an oil embargo by the end of the year is still under discussion.

An embargo is at hand

”, according to Robert Habeck, the European sanctions having to be decided unanimously.

Originally, Brussels planned to stop imports of Russian crude oil within six months and refined products by the end of 2022. But Hungary is refusing for the moment this sixth package of sanctions proposed by the President of the Commission , Ursula von der Leyen, for lack of guarantees on the maintenance of its supply.

Prime Minister Victor Orban, who has endorsed all European sanctions so far despite his closeness to Vladimir Putin, also fears a price hike.

A landlocked country, without access to the sea, Hungary depends on the oil brought from Russia by the Druzhba pipeline.

Budapest has therefore requested an exemption for supply by this route, representing, with 0.7 of 2.8 million barrels per day, a small part of European purchases.

Read alsoSanctions without embargo on Russian oil would break EU unity, says kyiv

A two-year derogation offered to Hungary, Slovakia and the Czech Republic is considered insufficient by the Hungarian government.

It has asked for at least four years and nearly 800 million euros in European funding to adapt its refineries and increase the capacity of the Adria pipeline which comes from Croatia.

Since the invasion of Ukraine, the EU has also sought to rapidly reduce its dependence on Russian gas.

Source: lefigaro

All news articles on 2022-05-24

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.