EU’s Borrell to call meeting next week if Russia oil embargo deal not forthcoming -Breaking
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© Reuters. FILE PHOTO Josep Borrell, High Representative of European Union for Foreign Affairs and Security Policy speaks at a press conference following a meeting with Central American and Caribbean foreign ministers. This was in the midst of Russian invasion. FLORENCE, Italy (Reuters] – If countries of the European Union fail to come up with an agreement on an oil embargo for Russia, a meeting will be called next week by Josep Borrell from the EU’s Foreign Policy Chief Josep Borrell.
In an effort to win back reluctant countries, such as Hungary, Slovakia, and the Czech Republic, the European Commission proposes changes to Russia’s planned oil embargo.
Borrell, speaking to reporters at a Florence event, reiterated that he believed in reaching a “solution shared”, as not all countries find themselves in the exact same circumstances. Borrell also said that it was urgent to reach a compromise.
As part of the wider EU sanctions package against Russia, Wednesday’s oil embargo was proposed by the executive of the European Union. It is the sixth such EU sanction since Moscow attacked Ukraine on February 24, in what Kremlin terms “a special military operations”.
Borrell, when asked about the possibility of an embargo against gas imports, said, “gas (but not) for tomorrow,” meaning that Russia’s sanctions must be taken one at a time.
On Friday, he stated that the bloc had to be “realistic” about its desire to leave Russia’s energy. He also said it was important to act in an “orderly, prudent and orderly manner.”
He stated that gas cannot be replaced with another gas.
Europe is a major source of gas imports from Russia. As tensions in Ukraine increase, Europe is trying to diversify their energy supply.
According to the top diplomat, there are many ways Russia can be hit with oil exports. This action may not just include a ban on oil purchases.
He said that if insurance companies do not provide insurance to transport Russian oil it would be a problem for Russian oil exports, and this was without providing further information.
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