The way to curb Hungary’s reactions and reach an agreement on the 6th package of sanctions and the embargo against Russia are said to have found the “27” of the European Union, after many days of negotiations.
According to the international agency Reuters, which cites an official European source, Brussels proposes an embargo on the market of Russian oil and its derivatives, with the exception of pipeline deliveries, which could lift Budapest’s “veto”as it resolves the issue of catering that was urgently and absolutely raised by the Hungarian Prime Minister Victor Orban.
The source quoted by Reuters does not speak of an agreement, but of a proposal that could give “white smoke” to the negotiations on the sanctions package announced weeks ago by Commission President Ursula von der Leyen.
Both new sanctions against Russia and the issue of energy, and in particular price control measures, will concern European leaders. at the Extraordinary Summit which will take place on May 30 and 31, ie Monday and Tuesday.
At 200 billion euros the cost of detoxification
Energy independence from Russia will cost the European Union almost 200 euros over the next five years, according to drafts cited by the Financial Times that set offensive targets in areas such as clean energy and reducing consumption.
A draft of the European Commission’s RepowerEU proposals shows that Brussels expects an additional investment of € 195 billion by 2027, in addition to plans to boost carbon emissions.
The EU will also need to reduce energy consumption more than expected if it is to meet its ambitious zero-carbon targets of 2050.
What does the 6th package of sanctions against Russia include?
Ursula von der Leyen had announced the measures that will be included in the 6th package of sanctions against Russia. More specifically, the President of the Commission had stated:
“A total ban on the import of Russian oil, from the sea and from pipelines, crude and refined, will be imposed. We will ensure the phasing out of Russian oil in ways that both we and our allies can secure alternative routes for supplies and minimize the effects on world markets. “That is why we will gradually phase out the supply of Russian crude oil within six months and refined products by the end of the year.”
Other measures to be taken against Russia are:
Recording of high-ranking military officials and other people accused of committing war crimes in Bouka as well as those responsible for the siege of Mariupol
EU ban on three Russian state radio and television networks.
Expulsion of SberBank, the largest Russian bank from the Swift payment system and two more banks.
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