The EU will discuss a phased ban on Russian oil – NYT – UNIAN

The EU has previously taken a similar approach when banning Russian coal, with a four-month transition period.

EU prepares sanctions against Russia / photo REUTERS

The European Union plans to impose a phased embargo on the purchase of Russian oil to punish Russia for a full-scale invasion of Ukraine, but substantive talks on this will begin no earlier than the second round of presidential elections in France.

He writes about this with reference to sources The New York Times. The publication notes that the bloc has long resisted the discussion of the ban on Russian oil because of its great importance for Germany and other countries, the economic and political consequences of the embargo for the region.

Officials and diplomats say the union is now moving towards a gradual ban to give Germany and other countries time to set up alternative suppliers. The EU has previously taken a similar approach when banning Russian coal, with a four-month transition period.

Read also:

The timing is just as important as the details of the ban: all 27 EU countries need to be persuaded to agree to a previously unthinkable step. But according to the interlocutors, the embargo will not be imposed on negotiations between EU members until the second round of elections in France (April 24). The decision was made so that the impact of gas prices would not prevent President Emmanuel Macron from running in the race with the far-right populist candidate Marine Le Pen.

The NYT’s interlocutors said that there was a “growing feeling” that the embargo would be implemented even in the absence of “new discoveries” from the war in Ukraine, such as the atrocities of the Russians in Bucha.

It will be recalled that after the start of a full-scale invasion on February 24, the EU approved five packages of sanctions against Russia. However, the union is required to stop replenishing the occupiers’ treasury with funds from the purchase of oil in Russia – this is the main source of money for the war for the aggressor. Brussels is still not considering a ban on gas imports from there due to the high dependence of important European economies, including Germany.

You may also be interested in news:


Source: Інформаційне Агентство УНІАН by www.unian.ua.

*The article has been translated based on the content of Інформаційне Агентство УНІАН by www.unian.ua. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!