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EU is about to launch a new sanctions package against Russia

The European Union (EU) is preparing new sanctions on Russian oil after the sudden change of Germany.

The European Commission (EC) this week is expected to propose a sixth package of EU sanctions against Russia because of its special military operation in Syria. Ukraine. The new package of sanctions could include a ban on Russian oil purchases.

Ukraine believes that its energy exports Russia Europe is still largely exempt from international sanctions and this is the main source of money to support the military campaign that Moscow launched in this country.





Oil processing facilities at the Vankorskoye oil field owned by Rosneft in the city of Krasnoyarsk, Russia, in 2015. Photo: Reuters.

Oil processing facilities at the Vankorskoye oil field owned by Rosneft in the city of Krasnoyarsk, Russia, in 2015. Photo: Reuters.

“This package of sanctions should include clear steps to block Russia’s revenue from energy,” Ukrainian President Volodymyr Zelensky said in a speech on the night of May 2.

Germany yesterday said it was ready to support an immediate embargo on Russian oil. “We have been trying to prepare so that Germany can withstand an oil embargo,” said German Economy Minister Robert Habeck.

In addition, according to Josef Borrell, EU high commissioner for foreign and security policy, the new sanctions package will push more Russian banks out of the SWIFT international payment network. Previously, the EU and its allies banned 7 Russian banks from using SWIFT to receive or transfer international funds.

The European effort to eliminate Russian oil is expected to be easier than reducing dependence on Russian natural gas. Moscow has asked European customers to pay for gas in rubles, which the EU has firmly refused. Moscow last week cut off gas supplies to Poland and Bulgaria.

A meeting of EU ministers on May 2 warned that full compliance with Moscow’s demand for gas payments in rubles would violate existing EU sanctions.

Vu Hoang (According to Guardian)

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