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EU fails to agree on Russia oil embargo, to try again Monday before summit

EU fails to agree on Russia oil embargo, to try again Monday before summit

14 Sept 04:02 Key points summarised by AI
  • EU diplomats failed to agree on a proposed embargo of Russian oil, a key part of the sixth sanctions package against Russia, ahead of a crucial summit.
  • The primary obstacle remains landlocked Central European countries, notably Hungary, Slovakia, and the Czech Republic, which are heavily dependent on Russian pipeline oil and seek exemptions.
  • A compromise proposal to ban only seaborne Russian oil, allowing pipeline deliveries to continue for some time, was discussed but stalled over Hungary's demand for EU financing to upgrade its oil infrastructure.
  • Further talks are scheduled for Monday morning, before the summit, to address Hungary's financing requests and concerns over ensuring fair competition among member states facing different oil prices.
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