The Russia-Ukraine war: European governments have taken the first step to embargo Russia’s oil

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The Russia-Ukraine war: European governments have taken the first step to embargo Russia’s oil

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Port of Odessa, Ukraine. Photo: Sergio Araujo / Envoy Clarín

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The decision to approve a Russian oil embargo It will fall in its weight since Germany accepted it, but the energy ministers of the 27 member states took a small step in Brussels on Monday, the first and most politically important, though not the definitive.

economic damage which could cause this in some countries, the most dependent and the lack of supplies where they have no alternatives, for example to buy more oil on ships because they have no ports, has delayed the decision.

Monday’s meeting served to discuss options at the table. A few weeks ago community sources said that a Russian oil embargo (there is still no gas on the table) would not be complete and immediate, with possible temporary exceptions for the most vulnerable countries (Slovakia, Hungary ) at that not all imports will be banned at once.

It will start with the oil coming in the tankers because it is the easiest exchange with other suppliers.

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Source: Clarin

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