VDL humiliated as six EU rebels force bloc to change Russia sanctions plan

May 7, 2022
30 Views


The European Commission has had to suggest changes to the planned embargo of Russian oil after Hungary, Slovakia and the Czech Republic unleashed their fury at the plans. Greece, Malta and Cyprus also had concerns. It comes after Commission President Ms Von der Leyen announced this week plans to completely ban all Russian oil from Europe as Vladimir Putin continues to unleash havoc in Ukraine.

She said in the proposal to European Parliament this week: “This will be a complete ban on all Russian oil, seaborn and pipeline, crude and refined.

“We will make sure that we phase out Russian oil in an orderly fashion so in a way that allows us and our partners to secure alternative supply routes and at the same time be very careful that we minimise the impact on the global market.”

But the proposal was torn apart by the rebel states which argued that more time was needed for their economies to cope with the embargo.

According the EU sources, Euractiv reports that an amended proposal would give the rebel nations more help to upgrade their oil infrastructure.

It came after Slovakia tore apart the EU’s original plan as it stressed it needed more time to search for alternative fuel, despite being given a year longer, along with Hungary, than the rest of the bloc to adapt to the ban.

Slovakian Deputy Economy Minister Karol Galek told Politico: “This is unfortunately not enough.

“We are expecting at least three years.”

Hungary also rejected the proposal on similar grounds.

Budapest has argued that the oil sanctions do not provide any guarantees for its energy security and has demanded that the plan be changed.

The Czech Republic also called for a longer phase period or exemption like that Hungary and Slovakia were permitted.

READ MORE: Russia humiliated as flaw found in threat to cover UK in radiation

Last year, the EU imported €48.5billion (£38billion) of crude oil in 2021, and €22.5billion (£19billion) of petroleum oils other than crude.

And it currently still relies on Russia for 26 percent of its oil imports.

Ukrainian energy advisor Pavlo Kutvah told Express.co.uk that Ms von der Leyen’s plan will deal a “huge blow” to Putin.

He said: “The Russian economic model is that of a gas station essentially. They are selling oil and gas and that is their main revenue, and this is what funds both their corrupt elite and their war effort.

“So, of course, any kind of hit to that is a huge blow to the Russian economy and a huge step towards pacifying Russia.”



Source link

You may be interested

CommunicationsGPS
shares1 views

This weekend’s Powerball and Mega Millions jackpots are over $400 million—a Harvard statistics professor talks lottery odds

tammararetzlaff - May 27, 2022

A lucky lottery player could strike it big this weekend, as both the Mega Millions and Powerball jackpots have climbed…

real estate
shares0 views

Տhould І Sell Mу House Ꭺѕ Ꭺ Short Sale Ⲟr Ꭺ Foreclosure?

genetoups25919 - May 27, 2022

Ιf уοu ɑrе facing foreclosure аnd ⅼooking fⲟr a ѡay օut, yоu neeԀ t᧐ қnoᴡ how tο sell үοur house…

Uncategorized
shares2 views

how to change time zone on citizen navihawk

admin - May 27, 2022

1. EZ Reg Cleaner is an easy to use utility that has been designed to facilitate the process of removing…

Leave a Comment