The EU will consider postponing the embargo on Russian oil for the three countries until 2024, Hungary is asking for even more time,

The EU will consider postponing the embargo on Russian oil for the three countries until 2024, Hungary is asking for even more time,

About reports Bloomberg citing sources.

“All other member states will gradually stop importing by the end of 2022, with imports of crude oil to be discontinued in six months and petroleum products in eight months,” the statement said.

Hungarian Prime Minister Viktor Orban has said he opposes the EU’s initial proposal for an embargo on Russian oil.

Hungary, Slovakia and the Czech Republic are dependent on Russian oil, but they account for a small share of the EU’s total imports from Russia. Countries will not be allowed to sell the oil they import.

  • It will be recalled that the sixth package of EU sanctions provides for an embargo on Russian oil.
  • On April 11, it became known that the EU was discussing the sixth package of sanctions against Russia, which provides for an embargo on oil supplies.
  • EU Trade Commissioner Valdis Dombrovskis said the EU was considering “reasonable sanctions” on Russian oil, which could initially include tariffs rather than a full embargo.
  • On May 2, it was reported that Austria, Hungary and Slovakia had withdrawn their veto on the oil embargo against Russia.
  • Hungarian Foreign Minister Peter Siyyarto has said that Budapest cannot give up Russian oil and gas and will vote against the embargo.
  • The European Commission has unanimously approved proposals for a sixth package of sanctions against Russia, now the EU Council must approve or amend it.

Follow the events in Ukraine and the world together with Espresso! Subscribe to the Telegram channel: https://t.me/espresotb

Fuente: espreso.tv

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top