ROME, June 2 (Xinhua) -- The decision by the European Union (EU) earlier this week to ban 90 percent of oil imports from Russia by the end of the year is aimed at crimping the Russian economy amid the high-profile crisis in Ukraine. But the move, part of a wider array of sanction...
"Tonight #EUCO agreed a sixth package of sanctions. It will allow a ban on oil imports from #Russia. The sanctions will immediately impact 75% of Russian oil imports. And by the end of the year, 90% of the Russian oil imported in Europe will be banned," Michel tweeted. WEIGH HEAVILY ...
The European Union has approved a new round of sanctions against Russia. Leaders agreed to ban more than two-thirds of Russian oil imports, with Hungary, Slovakia and the Czech Republic secured from exemptions due to the pipeline imports they rely on. The embargo on crude oil ...
The EU adopted a sixth sanctions package against Russia, poised to phase out almost 90% of Russian oil imports into the bloc by the end of the year.
If approved, the ban on oil imports would be the second package of EU sanctions targeting Russia's lucrative energy industry since the country invaded Ukraine on Feb. 24. In addition to sanctions on various entities and individuals, including Russian President Vladimir Putin and members of his fa...
1.) The purchase, import or transfer of crude oil and certain petroleum products from Russia into the EU 2.) Insuring and financing the transport, in particular through maritime routes, of Russian oil to third countries These two decisions are dealt with in the legislation by virtue of...
EU imposes sanctions on Russian, Ukrainian officials after Crimea referendumEU imposes sanctions on RussianEuractiv
The plan is far from final, however, as all 27 member states must vote to adopt the sanctions unanimously. Many European countries are still heavily reliant on Russian oil imports, even as countries like Germany have taken steps to find other sourcing. ...
The European Union will propose a phased ban on Russian oil imports as part of a new round of sanctions against Russia. The European Commission, which draws up sanctions for the bloc, is currently preparing a text that could be put to the 27 member states as early as Wednes...
“Most hard-to-recover reserves are not subject to the sanctions and Russian companies continue to rely on western technology and firms like Schlumberger or Halliburton to develop them,” says Dmitry Marinchenko, an oil and gas analyst at Fitch Ratings in London. Schlumberger, one of the world...