May 16, 2022
1 min read

No decision yet on EU’s oil embargo against Russia

The issue will now be referred to the Committee of Permanent Representatives of the Governments of the Member States to the European Union…reports Asian Lite News

European Union (EU) Foreign Ministers failed to reach an agreement on a sixth package of sanctions against Russia, including a controversial oil embargo.

Following the meeting of the EU Foreign Affairs Council in Brussels, the bloc’s High Representative for Foreign Affairs, Josep Borrell told a press conference on Monday that unanimity had not been reached on the issue. However, the EU will continue to impose sanctions on Russia “to make the price of its invasion of Ukraine unbearable for the Kremlin,” he said.

The issue will now be referred to the Committee of Permanent Representatives of the Governments of the Member States to the European Union, Xinhua news agency reported.

Borrell added that the EU will provide an additional 500 million euros ($521 million) from the bloc’s peace facility for weapons deliveries to Ukraine. This brings the total amount of EU assistance to two billion euros.

The sixth package of sanctions was proposed by the European Commission on May 4. However, Hungary, which is highly dependent on Russian oil, is blocking the agreement.

Borrell said it was not possible to predict how long it could take to reach a deal.

“Sanctions cost. Sanctions hurt the one who is being sanctioned and have collateral effects on the one who sanctions. But one thing is clear for everybody in the Council: we have to get rid of the energy dependency of the EU with respect to oil, gas and coal coming from Russia,” he added.

ALSO READ: US, EU join hands on semiconductor supply

Previous Story

India, Nepal to institute Ambedkar Chair at Lumbini Buddhist University

Next Story

Taliban face armed resistance in Panjshir province

Latest from -Top News

UK-Kenya defence partnership deepened

Defence Secretary met with Agnes Wanjiru’s family to offer condolences, fulfilling his commitment and making him the first UK Minister to meet with them In a historic and emotionally charged visit to

South Africa hosts virtual meeting of G20 Sherpas

During the meeting, Zane Dangor spoke about the importance of continuing to work with multilateral institutions, including the United Nations, to address global challenges South Africa hosted the second virtual meeting of

WFP warns as Sudan war enters third year

The civil war began on April 15, 2023, amid a power struggle between the Sudanese army and the leader of a powerful rival militia called the Rapid Support Forces The conflict, which
Go toTop

Don't Miss

Heavy snowfall, freezing rain wreak havoc across Europe

Most flights were delayed by about an hour, and some

IAEA loses contact with Chernobyl systems

Director-General also raised deep concerns about the rotation of staff