EU agrees partial Russian oil embargo — Analysis
A sixth package deal of sanctions permits Hungary to protect its Russian oil imports, however will have an effect on some 75% of stream into the bloc
After weeks of deliberation, EU member states have agreed in precept a sixth spherical of anti-Russia sanctions, the bloc’s management introduced after a gathering on Monday. Hungary will protect its Russian oil imports, however in any other case a lot of the crude will likely be embargoed.
EU Council President Charles Michel mentioned the watered-down embargo will have an effect on about 75% of Russian oil imports, with the share rising to 90% by the tip of the yr.
Hungary, which had beforehand blocked the sanctions, was exempted from the commerce restrictions, its Prime Minister Viktor Orban mentioned. “Hungarian households can sleep properly,” he wrote on social media.
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