Wall Street Journal: Germany is ready to stop buying russian oil
The Bundestag paves the way for a full oil embargo, provided Berlin gets enough time to ensure alternative supplies
What happened? Representatives of Germany in the EU institutions removed the principled objection against the cessation of purchases of russian oil.
Source. This was reported by The Wall Street Journal.
What does it mean? With such a decision, the Bundestag paves the way for a full embargo on russian oil for the EU, provided that Berlin gets enough time to ensure alternative supplies.
Details. Changes in Germany increase the likelihood that EU countries will agree on a phased embargo on russian oil. According to diplomats and officials, a solution is possible next week. However, the question of how quickly the EU will stop buying russian oil and whether it will also use price or tariff restrictions is still under discussion.
Previously. During the two months of full-scale war in Ukraine, russia has almost doubled its revenues from the sale of energy to EU countries. The largest importer is Germany.
However, Germany has recently reconsidered its policy of blocking sanctions against russia's economy. Earlier Germany lifted its fundamental objections against the inclusion in the sixth package of EU sanctions blocking sanctions against “Sberbank”.
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