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Reuters: What does the draft EU conclusions provide? on the Russian oil embargo

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The leaders of the European Union in Summit meeting which will take place in the afternoon, is going to agree on the 6th package of sanctions against Russiawhich will include embargo on Russian oil imports in response to the Moscow invasion of Ukraine, but will exclude deliveries via pipelines, states the Reuters.

However, because they can not agree on all the details, the leaders will leave the final agreement for later.

«The European Council agrees that the sixth package of sanctions against Russia will cover crude oil, as well as petroleum products delivered from Russia to the Member States, with a temporary exemption for crude oil delivered via pipelines.“, Notes Reuters, which has at its disposal the latest draft conclusions.

«Urges the Council to finalize and approve it without delay, ensuring fair competition and a level playing field in the EU single market and solidarity between Member States in the event of a sudden supply disruption“, Is mentioned in the draft.

Reuters concludes by pointing out that the 27 EU Member States I will “address the issue of the temporary exemption for crude oil delivered via pipelines as soon as possible».

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