Leaders EU agreed on an embargo on Russian oil. However, the ban on its import and transportation by sea will come into effect only by the end of the year. Some countries received support. For example, the Czech Republic, Hungary and Slovakia will continue to use the Druzhba pipeline, but it will account for only […]
Tag: oil
Sixth package of EU sanctions against Russia agreed: Sberbank cut off from SWIFT and partial embargo on oil
The leaders of the member countries of the European Union came to an agreement late last night on the sixth package of sanctions against the Russian Federation. It provides for a partial embargo on the import of Russian oil and the disconnection of Sberbank from the SWIFT system. Charles Michel, head of the European Council, […]
EU: no consensus on sanctions reached
The EU yesterday again failed to agree on a package of new sanctions against the Russian Federation – the next round of discussions turned out to be unsuccessful. The next attempt will take place this morning, May 30, reports “European Truth”. Rikard Jozwiak, correspondent for Radio Liberty, writes on his it is not only a […]
Bloomberg: from the pipeline "Friendship" can lift sanctions
Due to Hungary’s position, the European Union is discussing a partial embargo on oil from Russia and may launch the Druzhba pipeline. The leaders of some European countries propose to abandon only offshore oil and limit supplies through pipelines, writes Bloomberg. In order for Hungary to be able to refuse the supply of Russian oil, […]
United Arab Emirates resumed oil supplies to Europe
For the first time in the past two years, the UAE has sent oil to Europe after local importers refuse to buy Russian raw materials due to the “special operation” of the Russian Federation in Ukraine. Almost 1 million barrels of oil are now being transported by the Moscow Spirit tanker, which was hired by […]
Vessels with Russian oil stuck in the sea due to sanctions
A record 62 million barrels of Russian Urals oil are on ships stuck at sea due to sanctions imposed against Russia. Traders, as reported Reuters with reference to the data of the energy analytical company Vortexa, they are trying to find buyers for it, but in vain – no one is willing. The import of […]
Hungary blocked the embargo on Russian oil
Yesterday at the talks of representatives of the EU member states failed to reach an agreement on the issue of a ban on oil from Russia. According to Bloomberg, Hungary blocked the proposal. At the same time, three countries, given their high dependence on Russian oil, were offered a delay. In addition, their share in […]
WSJ: The West is still buying Russian oil, but it’s harder to track now
A Russian tanker detained by Greece last week and reportedly carrying Iranian oilwas released due to confusion over sanctions against its owners, informs Reuters agency. Like Athens News reported April 21in accordance with an order issued by the Hellenic Anti-Money Laundering Authority, the Russian tanker “Pegas”, which was arrested by the Greek authorities last Friday […]
New EU sanctions against Moscow
The head of the European Commission, Ursula von der Leyen, spoke about what will happen in the next, sixth package of European Union sanctions against Russia. Edition “Radio Liberty” reveals the details of the interview of the head of the EC to the German publication Bild am Sonntag. As Ms. von der Leyen noted, the […]