EU develops three options for restrictions on Russian oil - Bloomberg

EU develops three options for restrictions on Russian oil - Bloomberg

EU develops three options for restrictions on Russian oil - Bloomberg

The European Union together with the United States are working on the sixth package of sanctions against Russia. Now three options for restrictions on Russian oil are being discussed.

This is reported by Bloomberg.

It is noted that the United States and the EU are negotiating on steps that can be taken to limit oil imports from Russia and reduce revenues for Moscow, as well as persons who support the regime of Vladimir Putin.

 In particular, they are discussing a complete ban on oil, the establishment of a price cap and a payment mechanism to retain the revenues that Russia has received since the start of the war in Ukraine.

According to media reports, Western leaders fear that a direct EU ban on Russian oil could lead to a sharp rise in prices and give the Kremlin even more revenue. At the same time, there is still no unanimity in the EU regarding restrictions on Russian oil. A number of countries, including Germany and Hungary, are resisting attempts to completely ban Russian oil and gas.

At the same time, it is noted that reaching a consensus on a limited ban on crude oil would be easier than restricting imports of diesel fuel and other products.

Recall that the European Union plans to approve the sixth package of sanctions against Russia next week.