The EU eased the planned sanctions against oil from the Russian Federation

The EU intends to ease the package of sanctions against Russian oil. It is reported by Bloomberg.

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As noted agency citing sources and documents available to Bloomberg, the decision was made after a major debate over the issue at a meeting over the weekend.

According to the documents, the EU has abandoned the ban on the transportation of Russian oil by ships of European countries to third countries. At the same time, the prohibition of insurance of such supplies will be preserved. It is noted that one of the largest shipowners in the world is Greece. And this country was among the EU member states insisting on the exclusion of this provision from the sixth package of sanctions.

Previously, the permanent representatives of the EU member states failed to reach an agreement on the imposition of sanctions against Russia. The fact is that Hungary continued to block the EU proposal to ban the import of Russian oil, Bloomberg reports. Thus, Budapest delays 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.

 

Borrell will bring together the foreign ministers of the EU countries

In this regard, EU High Representative for Foreign Affairs Joseph Borrell forced will convene a meeting of the Community Foreign Ministers this week. “We are working to ensure that an agreement on sanctions against the Russian Federation is reached, and it will be reached. 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 ambassadors have already discussed the proposals of the European Commission on May 4 and 5, but did not reach a consensus. Last 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.” :///

Message The EU eased the planned sanctions against oil from the Russian Federation first appeared on TECHNOBLOG.

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