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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / EU Fails To Agree On Russia Oil Embargo, To Try Again Monday Before Summit (271 Views)
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EU Fails To Agree On Russia Oil Embargo, To Try Again Monday Before Summit by KillerCrocodile: 1:49am On May 30, 2022 |
The EU failed on Sunday to agree on an embargo of Russian oil, but diplomats but will still try to make progress ahead of a Monday-Tuesday summit on an exemption for pipeline deliveries to landlocked Central European countries, officials said. However, a senior EU diplomat said there was "still too much detail to sort out" to hope for an agreement before European Union leaders gather in Brussels on Monday afternoon. The proposed sanctions on oil imports is part of the European Union's sixth sanctions package on Russia over its invasion of Ukraine. The package includes cutting Russia's biggest bank, Sberbank, off from the SWIFT messaging system, banning Russian broadcasters from the EU and adding more people to a list of individuals whose assets are frozen and who cannot enter the EU. The whole package has been held up by Hungary, which says an oil embargo would be a body blow to its economy because it cannot easily get oil from elsewhere. Slovakia and the Czech Republic have expressed similar concerns. Talks on the oil embargo have been going on for a month with no progress and leaders had been keen to reach an agreement for their summit to avoid looking disunited in their response to Moscow. To break the deadlock, the European Commission proposed that the ban applies only to Russian oil brought into the EU by tankers, leaving Hungary, Slovakia and Czechia to continue to receive their Russian oil via the Russian Druzhba pipeline for some time until alternative supplies can be arranged Budapest supports this proposal, officials said, but talks on Sunday snagged on EU financing that Hungary wants to boost oil pipeline capacity from Croatia and to switch its refineries from using Russian Urals crude to Brent crude, officials said. This will be discussed by EU envoys on Monday morning along with the problem of how to ensure fair competition given the higher prices that member states reliant on shipped Brent crude would face as a result of the sanction. https://www.google.com/amp/s/www.cnbc.com/amp/2022/05/29/eu-fails-to-agree-on-russia-oil-embargo-will-try-again-monday-before-summit.html
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Re: EU Fails To Agree On Russia Oil Embargo, To Try Again Monday Before Summit by God1000(m): 2:16am On May 30, 2022 |
They need to take a nem.con decision now and put that despot where he belongs. They are wittingly and unwittingly funding Putin's war. 1 Like 1 Share |
Re: EU Fails To Agree On Russia Oil Embargo, To Try Again Monday Before Summit by hungryboy(m): 4:55am On May 30, 2022 |
God1000:Funding Putin's war ,because Russia can't sell to other countries or haven't already been doing that? Some of una go just regurgitate CNN talking points ,carry am for head like Gospel Russia is now selling more Oil to Asian countries than Europe, an oil embargo will simply drive up prices and Russia will still benefit by selling for higher prices to India,China and Indonesia etc. 6 Likes 1 Share |
Re: EU Fails To Agree On Russia Oil Embargo, To Try Again Monday Before Summit by NEROSKY(m): 1:27pm On May 30, 2022 |
. 3 Likes |
Re: EU Fails To Agree On Russia Oil Embargo, To Try Again Monday Before Summit by seunny4lif(m): 2:10pm On May 30, 2022 |
Hungary have one of the cheapest oil and gas price in the EU and from June 1 Hungary state owned filling stations will stop selling fuel to non Hungary plate numbers at low price. Poland will stop flow of free oil and gas to Ukraine from 1 June due to high cost of oil and gas and Russia stopped Germany from reserve flow of Russia gas to Poland. 2 Likes 1 Share |
Re: EU Fails To Agree On Russia Oil Embargo, To Try Again Monday Before Summit by KillerCrocodile: 2:48am On May 31, 2022 |
Update : A European Union ban on Russian Oil has been agreed on. https://www.nairaland.com/7153767/eu-bans-most-russian-oil |
Re: EU Fails To Agree On Russia Oil Embargo, To Try Again Monday Before Summit by Kingsnairaland(m): 1:31pm On Jun 01, 2022 |
NEROSKY:exactly. |
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