The European Union haven't agree on the russian energy embargo yet – Borrell
The final decision is expected not earlier than the end of May
What happened? The member states of the European Union have not made a joint decision on a full embargo or increasing of tariffs on import of russian oil and gas.
Source. This was stated by European Foreign Minister Josep Borrell, reports Die Welt.
Quote. “Stopping oil and gas imports or a punitive tariff would be important to put pressure on putin and put him at the negotiating table. But at the current moment we in the EU do not have a single position on this issue,” Borrell said.
This topic is planned to be discussed at the next EU summit at the end of May. Earlier, a decision on this issue can not be expected, according to Borrell.
He says all EU countries are working to reduce their dependence on russian oil and gas. Borrell believes that the bloc will eventually be able to reduce its dependence.
“At some point, this will happen, and then russia will feel painfully that revenues from the oil and gas business are lost,” he added.
If you have read this article to the end, we hope that means it was useful for you.
We work to ensure that our journalistic and analytical work is of high quality, and we strive to perform it as competently as possible. This also requires financial independence. Support us for only UAH 196 per month.
Become a Mind subscriber for just USD 5 per month and support the development of independent business journalism!
You can unsubscribe at any time in your LIQPAY account or by sending us an email: [email protected]
