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EU prepares to phase out Russian oil imports from NEXT WEEK – reports

WorldEU prepares to phase out Russian oil imports from NEXT WEEK - reports


The EU has been considering a ban on Russian oil for weeks as countries look to crack down on Russia in response to Vladimir Putin’s invasion of Ukraine.

The issue has divided member states and highlighted the bloc’s dependence on Russian energy sources.

It has taken weeks for EU countries to agree on the details of the measure, partly due to the heavy reliance of some states on Russian imports, including Germany and Hungary.

Intensive talks are set to continue over the weekend before the European Commission puts a finalised proposal on paper for EU ambassadors to approve, The New York Times reported on Friday. 

The ambassadors are set to meet on Wednesday and are expected to give their final approval by the end of next week, according to several EU officials and diplomats involved in the process who spoke on the condition of anonymity. 

If it is adopted, the oil embargo will be the biggest and most important new step in the EU’s sixth package of sanctions since Russia invaded Ukraine on 24 February.

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