Ukraine News: Robert Habeck expects oil embargo breakthrough in “a few days”
Created: 05/24/2022, 09:54
An EU oil embargo against Russia has been under discussion for weeks.
Now it is "within reach", explains Economics Minister Robert Habeck.
Davos - Even before the World Economic Forum in Davos, Federal Economics Minister Robert Habeck spoke out in favor of an oil embargo against Russia jointly supported by the European Union.
The negotiations must be controlled by the European Commission, said the Green politician on Deutschlandfunk on Monday.
He spoke of a concerted action in which the EU must lead the way.
Ukraine-News: According to Habeck, oil embargo “within reach”
Now there seems to be some progress.
Habeck expects that the EU will soon impose the oil embargo as a result of the Ukraine war.
It was "within reach," he said on Monday evening (May 23) on ZDF's "heute journal".
In the ongoing talks, only a few states have "reported problems", above all Hungary.
He therefore expects a breakthrough "within a few days," said Habeck.
EU member states have different levels of dependence on Russian oil, Habeck added.
"Between Hungary and Portugal there is simply another connection to Russia - of course." Therefore, the EU can also take Hungary into consideration.
"Then something has to happen in Hungary."
Ukraine News: Oil embargo does not automatically weaken Putin
An oil embargo "does not automatically mean" that Russian President Vladimir Putin is weakened, said the Green politician.
When the US oil embargo was announced, prices went up worldwide.
Putin has "sold less oil in recent weeks and had more income".
Our free business newsletter provides you with all relevant business news on a regular basis. Click here for registration.
One consideration is therefore not to pay "any price" for a barrel of oil in the future and to agree on maximum prices.
But "a lot of countries would have to take part, otherwise you always have evasive movements - and that's what's lacking so far," said the minister, who was involved in the Economic Forum in Davos.
However, the USA and the EU Commission are working on it.
(AFP/dpa)
