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EU Russian Oil Embargo May Be Approved Next Week

ENERGY SECURITY

The New York Times has reported that an EU wide embargo of Russia oil may be approved as early as next week.

  • NYT: 'The ambassadors will meet on Wednesday and expect to give their final approval by the end of the week, several E.U. officials and diplomats involved in the process say.'
  • The same piece also suggests that 'barring an unlikely last-minute demand by Hungary, which has been dragging its feet, the process should be completed without requiring an E.U. leaders’ meeting.'
  • It is understood that Russian oil will be phased out over a period of months, a condition requested by German Chancellor Olaf Scholz.
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The New York Times has reported that an EU wide embargo of Russia oil may be approved as early as next week.

  • NYT: 'The ambassadors will meet on Wednesday and expect to give their final approval by the end of the week, several E.U. officials and diplomats involved in the process say.'
  • The same piece also suggests that 'barring an unlikely last-minute demand by Hungary, which has been dragging its feet, the process should be completed without requiring an E.U. leaders’ meeting.'
  • It is understood that Russian oil will be phased out over a period of months, a condition requested by German Chancellor Olaf Scholz.