EU explains absence of Russian oil embargo — Analysis

The bloc retains shopping for Russian oil to disclaim Putin an even bigger struggle chest, Ursula von der Leyen claims

The president of the European Fee says EU nations proceed to purchase Russian oil regardless of pledging to completely reduce vitality dependence on Russia to stop it from promoting crude elsewhere at a steeper worth.

The reason got here after MSNBC host Mika Brzezinski pressured Ursula von der Leyen on why the EU didn’t impose a full embargo, throughout an interview on Monday.

Von der Leyen assured Brzezinski that the long-term purpose of the bloc was to cease shopping for Russian fossil fuels and change them with alternate options like renewables or US-supplied liquified pure gasoline. She stated Russian President Vladimir Putin had made a blunder when he ordered an assault in opposition to Ukraine, since he “misplaced his greatest shopper, Europe.”

“We are going to by no means come again,” she stated.

The TV host puzzled if a full embargo on oil commerce with Russia could be “the best method to impose upon [Putin] that he has dedicated a strategic failure”. Von der Leyen stated the EU needed to discover “the precise steadiness” between hurting Putin with sanctions and never hurting itself an excessive amount of within the course of.

“If we instantly reduce – as if right this moment – off the oil, he would possibly be capable of take the oil that he doesn’t promote to the European Union to the world market, the place the costs will improve, and promote it for extra, and fill his struggle chest,” von der Leyen defined.

She acknowledged that “the remainder of the world” needed to be part of the US and its allies in shunning Russia for a similar situation to not work sooner or later. Up to now, a big portion of the worldwide economic system, together with huge vitality customers like China and India, refused to assist anti-Russian sanctions.

The MSNBC host advised the EU needs to be considering now about making use of the identical decoupling technique to China, suggesting Beijing might “weaponize” commerce with the EU.

Von der Leyen stated EU-Russia vitality ties have been “distinctive” and stated “others have been watching very intently whether or not we’ll win” the financial struggle in opposition to Russia.

German cars can’t run without Russian gas – BMW production chief

“So is the China situation a bit of bit down the highway, however extra clear now?” Brzezinski pressed on. “What can and will the US and the EU be doing collectively to extra successfully handle China’s expansionist objectives each economically and militarily?”

Von der Leyen wouldn’t decide to changing into extra confrontational with China than the EU already is, saying Europe will oppose Beijing on human rights, cooperate on local weather change and compete economically.

Russia launched an offensive in opposition to Ukraine in late February, following Kiev’s failure to implement the phrases of the Minsk agreements, first signed in 2014, and Moscow’s eventual recognition of the Donbass republics of Donetsk and Lugansk. The German- and French-brokered protocols have been designed to provide the breakaway areas particular standing throughout the Ukrainian state.

The Kremlin has since demanded that Ukraine formally declare itself a impartial nation that may by no means be part of the US-led NATO army bloc. Kiev insists the Russian offensive was utterly unprovoked and has denied claims it was planning to retake the 2 republics by power.

Western nations responded to the disaster with a barrage of financial sanctions in opposition to Russia, which have been touted as a method to harm its economic system and by extension its army with out participating in a direct struggle in opposition to Russian troops in Ukraine. EU members agreed on cuts of Russian coal and crude, however the difficult-to-replace pipeline gasoline stays a stumbling block because the union discusses its sixth package deal of sanctions.

You possibly can share this story on social media:



Related Articles

Back to top button