France allowed the EU to impose an embargo on Russian oil "this week"

Secretary of State for European Affairs of the French Foreign Ministry Clement Bon said that the decision on the embargo on Russian oilThe EU may accept as early as this week.Emmanuel Macron to speak with Hungarian Prime Minister Viktor Orban today

The European Union may decide on an embargo on Russian oil this week, Clement Bon, Secretary of State for European Affairs at the French Foreign Ministry, said on the air of the LCI TV channel.

According to him, a decision on a "very powerful" sixth package of sanctions against RUSSIA, which provides, in particular, a ban on the supply of crude oil, will appear in the coming days. Bon noted that "the rejection of Russian oil will be sensitive for a number of countries due to their strong dependence on its supplies."

Bon added that several European leaders, including French President Emmanuel Macron and European Commission President Ursula von der Leyen, are set to speak with Hungarian Prime Minister Viktor Orban later today. Budapest opposes phasing out Russian oil, believing it would undermine the security of the country's energy supply and its economy. Earlier, von der Leyen said she had made progress in talks with Hungarian Prime Minister Viktor Orban on sanctions and energy security.

Hungary vowed to prevent EU embargo on oil from Russia Politics

According to the HEAD of the European Commission, Ursula von der Leyen, the European Union intends to abandon the supply of Russian crude oil within six months, and the import of refined products by the end of 2022. BLOOMBERG and REUTERS wrote that the European Union proposed to ban European courts and companies from providing services related to the transportation of Russian oil, including in the field of insurance.

On May 4, Reuters reported that the ambassadors of the EU countries had not reached an agreement on the embargo, according to the source of the agency, concerns about oil restrictions were expressed by Bulgaria, Hungary, Slovakia and the Czech Republic. Bloomberg noted that a representative of Hungary objected to the embargo, while Greece, Malta and Cyprus raised the issue of banning oil transportation between third countries, saying that this move would help competitors from Europe.

According to Bloomberg, on May 6, the European Union proposed to give the Czech Republic time to give up Russian oil until June 2024, and Hungary and Slovakia until December 31, 2024.

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Hungarian Foreign Minister Peter Szijjarto said that Budapest would not vote for the sixth package in its current form, adding that the country would like the ban not to apply to crude oil imports via pipelines. Orban compared the ban on Russian oil supplies to "an atomic bomb that they want to drop on the economy" of the country.

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