The oil embargo is not included in the fifth package of EU sanctions against Russia, but it will happen – Borrel

The oil embargo is not included in the fifth package of EU sanctions against Russia, but it will happen – Borrel

Josep Borrell ,

KYIV. UkraineGate , 7 , April , 2022 | Economy . 

 The oil embargo is not part of a new package of EU sanctions against Russia, but it will be discussed and it will happen, EU High Representative for Foreign Affairs and Security Policy Joseph Borrell told reporters on Thursday, April 7 .

Quote

“Today, I hope that the fifth package of sanctions will be finally approved by the ambassadors and, finally, by the written procedure of the EU Foreign Affairs Council,” Borrel said.

“He (the oil embargo – ed.) Is not in the fifth package of sanctions, which will be discussed today, it’s just a goal. But (…) it will be discussed on Monday at the EU Council on Foreign Affairs by ministers. And sooner or later, I hope “It will happen sooner,” he said.

According to him, the fifth package of sanctions will be adopted no later than April 8.

Before

On April 5, the EU announced a fifth package of sanctions against Russia in response to its war against Ukraine, including an embargo on Russian coal imports and new sanctions on one of Russia’s largest banks, VTB. However, restrictive measures on, in particular, oil imports are still being worked on, said European Commission President Ursula von der Leyen.

The President of the European Council, Charles Michel , said in turn that, in his opinion, sanctions on Russian oil and gas “will be needed sooner or later.”

Source: Ukrgate