Moscow Shrugs Off EU Oil Ban: ‘Russia Will Find Other Importers’

5Mind. The Meme Platform
The Epoch Times Header

Moscow struck a defiant tone in reaction to the European Union’s new partial ban on Russian oil imports, with a senior Kremlin official saying his country would simply pivot to other importers.

E.U. leaders agreed at a May 30 summit in Brussels to embargo the majority of Russian oil imports into the bloc by the end of 2022 as part of the sixth package of sanctions against Russia over its invasion of Ukraine.

Ursula Von der Leyen, the head of the E.U.’s executive branch, said the move would cut around 90 percent of oil imports from Russia to the bloc by the end of the year, while Charles Michel, chief of the E.U. Council, said the agreement covers over two-thirds of oil imports from Russia.

Mikhail Ulyanov, Russian Permanent Representative to international organizations in Vienna, reacted to the decision with a critical tweet.

“Russia will find other importers. Noteworthy that now she contradicts her own yesterday’s statement. Very quick change of the mindset indicates that the #E.U. is not in a good shape,” Ulyanov wrote.

Von der Leyen initially downplayed the chances of a breakthrough at the summit but leaders reached a compromise after Ukrainian President Volodymyr Zelenskyy delivered a video address urging them to end internal disputes and agree on an “effective” sanctions package that includes oil.

An agreement on an E.U. embargo on Russian oil imports was held up by concerns over supplies by some members.

Hungary, in particular, which gets over 60 percent of its oil, insisted it could only get on board if its oil supply security was guaranteed.

The E.U. is heavily dependent on Russian energy imports, getting around 40 percent of its natural gas and 25 percent of its oil from Russia.

The oil embargo covers Russian oil imports into the E.U. that come by sea, which account for around 90 percent of oil imports into bloc. Another 10 percent that is delivered by pipeline are exempt, as requested by Hungary.

By Tom Ozimek

Read Full Article on TheEpochTimes.com

Contact Your Elected Officials
The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.
00:02:22

Young Washington: Movie Review

Sitting in the theater watching Young Washington, I found myself wondering why this story hadn’t been made into a film sooner.
00:02:08

A Movie That’ll Keep You Awake: A Great Awakening

So how does someone (me) who thinks they’ve just seen the greatest movie ever (A Great Awakening), persuade you to watch it?

Ring That Bell

If I could travel back in time to 1776,...

Thoughts On America 250

Before you, American reader, is the honor, blessing, and privilege of celebrating the 250th anniversary of our nation. A nation toward which God has been merciful, shining His great grace.
00:01:39

Citizen Vigilante Delivers the Warning Western Governments Desperately Need to Hear

Citizen Vigilante shows what happens when the state stops defending the native population and shields favored migrant groups while criminalizing native dissent.
00:04:32

Flock Announces Platform Changes After Public Backlash to Its Camera Network

Surveillance technology giant Flock Safety announced sweeping changes to its platform aimed at addressing concerns over data access and privacy.

US Unemployment Claims Remained Stable to Kick Off August

The number of Americans filing applications for unemployment benefits remained stable at the start of August, pointing to a stable national labor market.

Federal Appeals Court Affirms Texas Limits on Mail Voting and Assistance

A Fifth Circuit panel reversed an injunction, saying challengers...
00:01:56

Ex-SPLC Official Charged with Fraud Over Payments to Informants of White Supremacist Groups

Heidi Beirich, an ex-SPLC official has been charged with fraud over payments to informants of white supremacist groups, the KKK and other groups.
00:05:10

China Behind ‘Great Transshipment Scam’ Costing Billions of Dollars, White House Says

A report stated that China systematically evaded U.S. tariffs and other trade measures by routing goods through third-party countries.
00:08:14

Trump Issues Memo to Help Combat Foreign Criminal Networks

President Trump signed a memo that empowers federal law enforcement to use cyber tools against transnational criminal organizations operating overseas and targeting Americans.

State Department Launches Birth Tourism Prevention Task Force

The Dept of State announced a task force that has already revoked hundreds of visas from foreign nationals accused of exploiting U.S. immigration laws.
00:41:25

Trump Signs Executive Order Calling for Spacing Out Childhood Vaccines

President Donald Trump signed an executive order on Aug. 10 calling for spacing out childhood vaccines.
spot_img

Related Articles

Popular Categories

MAGA Business Central