Home World News The EU is considering an embargo on Russia’s oil, member state ministers said

The EU is considering an embargo on Russia’s oil, member state ministers said

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The EU is considering an embargo on Russia’s oil, member state ministers said

The European Union is currently drafting the basis for a proposal to impose an embargo on Russia’s oil, the foreign ministers of Ireland and the Netherlands said on Monday.

they [les représentants de la Commission européenne] is working to ensure oil is part of the next round of sanctions against Russiaexplained Simon Coveney, head of Irish diplomacy, on his arrival for a meeting with his counterparts inEuropean Union in Luxemburg.

The European Union is spending hundreds of millions of euros to import oil from Russia, and all of this is certainly financing the war effort. This fund needs to be cut […] The best will be the best.

A quote from Simon Coveney, Irish Foreign Minister

Dutch and Lithuanian representatives have also expressed interest in this type of sanctions targeting oil from Russia, which accounts for nearly a quarter of crude oil imports.European Unionto force the Russians to end their bombing campaign in Ukrainian cities.

The head of European diplomacy, Josep Borrell, announced these measures, citing that an oil embargo should be imposed. sooner or later.

The European Parliament voted in favor of an embargo, but this position is not binding.

There is no consensus

Ukraine’s so-called senseless massacre of civilians has been galvanized by the Russian army since its aggression began on February 24, theEuropean Union passed a fifth set of sanctions last week, including a cessation of coal imports.

Russia certainly denies these allegations in this regard special operation demilitarization and denazification from Ukraine.

The President of the European Commission, Ursula von der Leyen, indicated last week that she was also considering additional sanctions inspired by proposals from various European governments, such as the imposition of tariffs or a explicit prohibition on certain products. .

The President walks into the European Parliament.

Any embargo depends on the technical details on the scope of such a proposal and, above all, the support of all Member States.

The level of dependence varies from state to state-Bulgaria, for example, relies almost exclusively on Russia’s petroleum products. Moreover, Hungary has already argued that it does not support an oil embargo.

The position of Germany, Europe’s leading economyEuropean Union, will be important for the future. Its Minister for Foreign Affairs, Annalena Baerbock, called on the Union to give itself to a coordinated plan to fully phase out fossil fuels Russians, but diplomats noticed that Berlin was not actively supporting an immediate embargo.

Russia and the United States have already decided to end their Russian oil imports.

Our file War in Ukraine

Source: Radio-Canada

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