Three EU countries may be exempted from the oil embargo until 2024 - Bloomberg

Three EU countries may be exempted from the oil embargo until 2024 – Bloomberg

The European Union can give Hungary and Slovakia a longer transition period to give up Russian oil – until the end of 2024. For the Czech Republic, the same exception can be made by June 2024.

This was reported Bloomberg citing sources.

The rest of the Member States will suspend imports by the end of this year, as originally proposed, with imports of crude oil ceasing in six months and petroleum products in eight months.

Hungary, Slovakia and the Czech Republic are heavily dependent on Russian oil, but they account for a relatively small share of total EU imports.

The ambassadors to the European Union are meeting today to discuss the revised proposals. According to sources, the talks are expected to be difficult and will last all day.

It will be recalled that the European Commission presented a plan for the sixth package of sanctions against Russia. It provides for the phasing out of Russian oil.

Although Hungary and Slovakia have a longer transition period, the Hungarian government has said it opposes the embargo.

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Fuente: Slovoidilo.ua

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