Reuters learned about the plan to impose an embargo on oil supplies from Russia by sea

The draft of new sanctions against RUSSIA provides for a partial embrago on oil supplies from Russia to the EU - by sea, REUTERS reported with reference to the draft document. Hungary, Slovakia and the Czech Republic will be able to receive oilin "Friendship"

Representatives of the EU countries could not agree on a complete embargo on Russian oil supplies to European countries, but agreed on a ban on oil imports from Russia by sea, Reuters reports citing a draft declaration.

On May 30, EU ambassadors will meet again in Brussels in an attempt to agree on the details of a sixth sanctions package ahead of a summit of EU leaders.

Also, according to Reuters, the new package of sanctions provides for the exclusion of Sberbank from the SWIFT messaging system, the ban on the work of Russian broadcasters in the EU and the freezing of the European assets of a number of Russians.

In addition, the EU plans to provide Ukraine with €9 billion ($9.7 billion) of partial interest-covered loans to help Ukraine keep its government and pay salaries for about two years. EU leaders will also support in a declaration following the summit the creation of a fund that will finance the restoration of Ukraine, and will touch upon "legally complex issues of confiscation of Russia's frozen assets," Reuters reports.

Negotiations on the sixth package of European sanctions against Russia have been going on for more than a month. An obstacle to agreeing on a new series of restrictive measures was the issue of a complete oil embargo, which was opposed by Hungary, Slovakia and the Czech Republic, for which supplies from Russia are critical and which have no access to the sea, Reuters reported earlier.

According to the agency, the proposal to impose an embargo on the supply of Russian oil by tankers by sea was made by the European Commission (EC) in an attempt to overcome this contradiction. This should allow Hungary, Slovakia and the Czech Republic to continue to receive oil through the Russian Druzhba pipeline for some time, until alternative suppliers of this resource are found.

The Druzhba oil pipeline was built in the 1960s. it follows from Samara to Mozyr (Gomel region of Belarus), after which it is divided into two branches - northern and southern. The first goes through the territory of Belarus, Poland, Germany, Latvia and Lithuania, the second - through the territory of Ukraine, the Czech Republic, Slovakia, Hungary and Croatia. The total length of the pipelines is 8900 km.

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NBC called the deadline for EU approval of a phased embargo on oil from Russia

Earlier, the EC proposed to exclude oil supplies via Druzhba from the draft sanctions, citing BLOOMBERG sources. However, according to the agency, the introduction of this amendment did not change the position of Budapest: back in early May, Hungarian Prime Minister Viktor Orban compared this idea with "an atomic bomb that they want to drop on the Hungarian economy", and said that in order to rebuild the energy sector of the country, it will take years. Hungary also blocked a vote on this issue at a meeting of EU representatives. In order for the sixth package of sanctions to be approved and enter into force, the support of all EU member states is needed.

In Kyiv, they believe that Ukraine has a "wonderful leverage" for influencing Hungary, since "Druzhba" goes through the territory of this country. Olena Zerkal, adviser to the Minister of Energy of Ukraine, said that “it would be very appropriate if something happened to it [with the oil pipeline].” “But again, it is in the hands of the government and the president to decide political issues,” she added.

Asia for the first time overtook Europe in terms of purchases of Russian oil Economics

The Kremlin, speaking of a possible embargo on Russian oil by the EU, warned that such a decision would "hit everyone." At the same time, according to the press secretary of the Russian President Dmitry Peskov, the United States will remain its own way and "will feel much better than the Europeans."

According to Russian Deputy Prime Minister Alexander Novak, in the event of an embargo on Russian oil, world prices for this raw material could jump to $300 per barrel. If this happens, Russia is ready to expand sea supplies. The flow of supplies has already begun to be redirected from west to east, to Asian markets, he said.

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