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EU not ready to agree Russian oil ban: Leaders

31 May 2022 - {{hitsCtrl.values.hits}}      

 

 

European Union leaders will fail to agree on a Russian oil ban at a summit on Monday and Tuesday in Brussels, leaders said as they arrived, adding that weeks of haggling over the matter were not over even if they were hopeful for a deal later.   


The leaders of the 27 member state union are set to agree in principle over a ban, a draft text showed, but they will leave all the details and hard decisions for later.  


“We’re not there yet,” European Commission President Ursula von der Leyen said.   
A draft text seen by Reuters would confirm that an eventual sixth package of EU sanctions will include a ban on seaborne oil imports, with pipeline oil supplied to landlocked Hungary, Slovakia and the Czech Republic to be sanctioned at some later point.  


However, the leaders will not finalize a deal on this now but, instead, they will ask diplomats and ministers to find a solution that would also ensure fair competition between those still getting Russian oil and those cut off.  
With Hungary being the main holdout on a deal on a Russian oil ban, its Prime Minister, Viktor Orban, said that things were not looking good on an oil embargo as he arrived at the EU summit.  


“There is no compromise for this moment at all. We are ready to support the package ... if there are solutions for the Hungarian energy supply security, we haven’t got that now.” he said.
BRUSSELS, 
May 30 Reuters