Permanent representatives of EU countries failed to agree on sanctions against Russia

The permanent representatives of the EU member states failed to reach an agreement on the imposition of sanctions against Russia.

European Union EU

The fact is that Hungary continued to block the EU proposal to ban the import of Russian oil, informs Bloomberg agency. Thus, Budapest is delaying the entire sixth package of sanctions against Russia.

As sanctions measures against the Russian Federation, the European Union proposes to disconnect several more Russian banks, including Sberbank, from the SWIFT international payment system. The package also provides for restrictions for Russian legal entities and individuals to purchase real estate in countries that are members of the EU. In addition, it is proposed to ban the provision of consulting services to Russian companies.

In this regard, EU High Representative for Foreign Affairs Joseph Borrell forced will convene next week a meeting of the Foreign Ministers of the countries of the community. “We are working to ensure that an agreement on sanctions against the Russian Federation is reached, and it will be reached. But if this does not happen in a short time, namely before the end of the week, after Europe Day, I will convene a meeting of foreign ministers,” Borrell said at a conference on the future of Europe in Florence.

With regard to a possible embargo on Russian gas, the diplomat replied that “this is not a question of tomorrow, but the day after tomorrow,” noting the need to get rid of energy dependence on Russia as soon as possible. Borrell has also proposed additional forms of indirect oil sanctioning, such as waiving insurance for Russian ships carrying oil to countries outside of Europe.


EU countries are not ready to impose an embargo on Russian oil

EU ambassadors discussed the proposals of the European Commission on May 4 and 5, but did not reach a consensus. On Thursday, Hungarian Prime Minister Viktor Orban said: “Neither Hungary nor the EU as a whole is ready to accept and implement the measures proposed by the commission. Sanctions must be adopted at a time when all the necessary preconditions are met in all member countries.”

Orban noted that the proposed sanctions would require Hungary to “majorly upgrade its alternative supply infrastructure and completely reorganize our refining capacity.” The prime minister also noted that the sanctions have “diverted needed national resources to excess investment in fossil fuels.” At the same time, the corresponding funding from the EU is available to Hungary only on paper. :///

Message Permanent representatives of EU countries failed to agree on sanctions against Russia first appeared on TECHNOBLOG.

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