There is insufficient support from EU member states for full enforcement embargo or punitive duties on Russian oil and gassaid the head of European diplomacy Josep Borrell.
«At the moment, we in the EU do not have a common position on this issue“, Borrell pointed out, speaking to the German newspaper Die Welt.
Oil exports are the main source of foreign exchange for Moscow, and many EU countries have called for an embargo, Russian oil markets are essentially financing Russia’s war against Ukraine.
A little more than a quarter of the oil imported by the EU in 2020 came from Russia according to Eurostat, which makes it a key country from which the bloc imports oil.
Borrell explained that the issue will be discussed at the next European summit scheduled for the end of May, adding that it does not expect a decision on the matter to be made sooner.
«A final proposal to impose an embargo on oil and gas is not yet on the table“, He stressed.
Welt also stated, without naming its sources, that the European Commission is likely to submit a proposal this week Sixth package of sanctions against Russia.
“All EU countries are working to reduce their dependence on Russian energy,” Borrell said. the block will at some point manage to reduce its dependence on it.
«At some point it will happen and then Russia will feel painfully that oil and gas revenues are being lost.“, He underlined.
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