May 31, 2022.
Russian officials on Tuesday dismissed the European Union's partial ban on oil imports from the country as part of a new wave of sanctions, while leaders in the regional bloc acknowledged they had to make some key compromises to allow the latest embargo to go through.
European Commission President Ursula von der Leyen and President of the European Council Charles will leave after a press conference.
The European Union pledged to cut all Russian oil imports by the end of the year, including an immediate ban on two-thirds of such imports.
Moscow's permanent representative to international organizations in Vienna, Mikhail Ulyanov, said Russia would find other oil suppliers.
The group had to agree to a special exemption from the ban for Hungary, along with Slovakia and the Czech Republic, following its very vehement opposition to the move.
The Prime Minister of Hungary said in a video that a total ban would have been unbearable.
According to CNN, Austrian Chancellor Karl Nehammer expressed support for the ban admitting it will be painful for Europe, however, he pushed back against the idea of a similar ban on gas.
The former US ambassador to Russia called the new sanctions progress.
If the EU is so eager to cut off the major part of Russian oil supplies by the end of the year, why can't Russia?
Russia's state-owned energy giant, Gazprom, has threatened to cut off gas supplies to the Netherlands andDenmark if they don't pay their bills in rubles. In a statement, GasTerra said it would not comply with the one-sided payment requirements of Gazprom.
27%. The European Union disclosed in April that Russian oil made up a percentage of its overall oil imports.
EU leaders agree to ban most Russian oil imports.
The EU bows to Hungarian demands to agree to a Russian oil ban.
All Rights Reserved © 2024
