EU ambassadors fail to agree embargo on Russian oil
Photo is illustrative in nature. From open sources.
According to REUTERS, the decision to impose an embargo slows down the concerns of Hungary, the Czech Republic, Slovakia and Bulgaria.It will be discussed again on May 5
The ambassadors of the EU member states did not reach an agreement on an embargo on Russian oil , they will try to agree on it again on Thursday, May 5, a Reuters source reports.
The interlocutor of the agency indicated that Bulgaria, Hungary, Slovakia and the Czech Republic expressed concerns due to restrictions on oil. BLOOMBERG sources also said that the embargo was objected to by a Hungarian representative, while Greece, Malta and Cyprus raised the issue of banning oil transportation between third countries, saying that the move would simply help competitors from Europe.
According to diplomats, the EU ambassadors intend to approve the package by the end of the week, or at least by May 9.
Earlier, the HEAD of the European Commission, Ursula von der Leyen, said that the EU plans to abandon crude Russian oil within six months, and imports of refined products by the end of this year.
Reuters learned about the EU relief for Hungary and Slovakia on Russian oil Politics
Reuters and Bloomberg sources reported that as part of the new package of sanctions, the EU also proposes to ban European courts and companies from providing services related to the transportation of Russian oil, including in the field of insurance. Bloomberg pointed out that this is an important point, since 95% of tanker liability insurance contracts are carried out through the International Group of Mutual Insurance Associations (Clubs), which is registered in London and must comply with European law.
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Hungarian Foreign Minister Peter Szijjarto said that the ban on Russian oil imports would not support Budapest. The Hungarian side would like it not to apply to the import of crude oil through pipelines, he explained.
German Economy Minister Robert Habek noted that Berlin would support the embargo on Russian oil.
In the Kremlin, a possible oil embargo is considered a decision that will “hit everyone,” as the ban will negatively affect the energy balances of the continent and lead to changes in the global oil market.
See also EU announced six proposals for a new package of sanctions against RUSSIA 01:06 Favorable course inFavorable exchange rate at VTB officesThe larger the amount, the greater the benefit.More than 1,000 branches across the countryPreliminary calculation inonline converterRead together with it:
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