In 2021, Europe paid Russia 88 billion euros for 3.5 million barrels a day. Photo by Reuters
Germany has been dragging its feet for two months to hit the Russian economy for his attack on Ukraine but always, pushed, ends in surrender.
The German government took another step on Wednesday. That was said by Foreign Minister Annalena Baerbock, who is visiting Riga (Latvia). “Germany will stop importing energy From Russia. We will stop importing coal in the summer at the latest. Let’s reduce oil imports until the summer and phase them out by the end of the year. “
The European Union already approved at the end of March the ban on the purchase of Russian coal. This is a very small part of European energy imports from Russia. Not more than 5% of the total in economic terms.
The governments and companies of the 27 Member States of the European Union have until the end of August to close the contracts being implemented and look for other suppliers. Once Russia’s coal import ban was passed, the European Commission began targeting oil.
The negotiations
The European Union’s executive arm has been preparing a draft document for weeks to be approved by the bloc’s 27 governments. to ban Russia’s oil imports.
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