EU fails to agree on oil embargo ahead of summit

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EU fails to agree on oil embargo ahead of summit

The European Union (EU) has reportedly failed to reach an agreement on the imposition of an embargo on Russian oil ahead of tomorrow’s leaders’ summit.

EU fails to agree on oil embargo ahead of summit

The EU has failed to reach an agreement on the embargo it wants to impose on Russian oil due to its attacks on Ukraine ahead of tomorrow’s leaders’ summit. It was stated that the embargo was blocked by countries that are more directly dependent on Russian oil. An unnamed senior EU diplomat said that Slovakia and the Czech Republic, especially Hungary, are not interested in the proposal to impose an embargo on Russian oil, which EU member states are working on.

To break the embargo stalemate on Russian oil, the European Commission has proposed that the ban apply only to Russian oil brought to the EU by tankers, and that Hungary, Slovakia and the Czech Republic continue to buy Russian oil through the Russian Druzhba Pipeline for some time until alternative supplies are provided.

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The EU, which has taken sanctions decisions in stages since the beginning of the war, which started with Russia’s entry into Ukraine and has been three months behind, has announced its sixth latest sanctions package. The gradual embargo on Russian oil and the steps to be taken to reduce the EU’s dependence on Russian resources are not supported by countries with a higher dependence on Russian oil.

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