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.

The CFP punts on expansion

Friday marked the official deadline for CFP management committee to inform ESPN of any format shake‑ups for next season. No shake‑up materialized.

Faith, fury, and flash mobs

Once the Twin Cities of St. Paul and Minneapolis were America’s neighborly cities. Today, they're the proud home of the Minneapolis and Mogadishu.

Laws Are Laws, Not Suggestions

Federal law is the law of the land, occupying the highest position in the American legal hierarchy and overrides state and local laws when conflicts arise.

Coming Major Storm Could End Democrats!  

The now proven global warming / climate change hoax could actually cost American lives due to its impact on our power grids.

Iowa Senator Grassley Opposes SAVE Act!?  

The SAVE Act would amend the National Voter Registration Act of 1993 to require proof of U.S. citizenship in order to register to vote in federal elections.

Federal Agent Fatally Shot Armed Man in Minneapolis: DHS

One person was shot by federal officers in Minneapolis. Federal authorities maintain that the ICE agent acted in self-defense.

Airlines Cancel Nearly 12,000 Flights as ‘Catastrophic’ Winter Storm Moves In

Air travel was disrupted in parts of the US as a “catastrophic” weekend storm plowed through the Southern Rocky Mountains and into New England.

Dr. Oz Flags Potential Fraud at Former Minnesota Factory Housing 400 Medicaid Businesses

The businesses collectively billed an estimated $380 million to...

FBI Data Reveal Historic Uptick in Arrests Amid ‘Full-Scale Reset’ of Agency

The first year of President Donald Trump’s second term saw historic reductions in violent crimes, while federal arrests soared by 100 percent, according to the FBI.

Trump Says Canada Will Face 100 Percent Tariffs if It ‘Makes a Deal With China’

President Trump says Canadian goods exported to the United States would be hit with 100 percent tariffs if Canada makes a deal with China.

Trump Rejects Proposal to Let Homebuyers Use 401(k) Funds for Down Payments

President Trump said that he rejected a proposal to allow Americans to withdraw money from their 401(k) accounts for home down payments.

Trump Withdraws Invitation for Canada’s Carney to Join Board of Peace

President Trump has withdrawn his invitation for Canadian PM Mark Carney to join the U.S.-led Board of Peace that will initially focus on rebuilding Gaza.

US Will Work With NATO on Greenland Deal: Trump

The USwill work with NATO to secure Greenland, with America having the freedom to “do anything we want,” President Trump told reporters.
spot_img

Related Articles