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.

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.
00:09:03

Two birthdays apart

The Bicentennial was not just a commemoration of 200 years of independence – it was a coast‑to‑coast block party of red, white and blue.
00:02:31

Is Charlie Kirk’s Assassination Looking More Like a Conspiracy?

Enough videos have been posted to the internet, plenty...

Is There a 9/11 WTC and 9/10 Charlie Kirk Connection?

Strange parallels in online stories raise questions about whether Israelis and Mossad intelligence are our allies or adversaries.
00:05:28

French Court Clears Way for Le Pen to Run in 2027 Presidential Race

A French appeals court upheld the embezzlement conviction of Marine Le Pen but reduced the penalty leaving open the prospect that she can run in 2027.
00:02:42

Toyota to Invest $3.6 Billion, Move Production From Mexico to Texas

Toyota Motor North America will invest $3.6 billion to add a second Tacoma truck assembly line at its San Antonio, Texas, manufacturing campus.

Georgia Teacher Receives Settlement Over Charlie Kirk Assassination Post

A former Georgia teacher reached a settlement with school district over disciplinary action taken after she posted about the assassination of Charlie Kirk.
00:34:21

America’s Time Capsule Buried in Philadelphia to Be Opened on the 500th Anniversary of Independence

On the Fourth of July the US marked the 250th anniversary of its founding and buried the “America’s Time Capsule” at Independence National Historical Park in Philadelphia.

Trump Arrives in Ankara to Meet With NATO Allies

It marks the first visit to Turkey by a...
00:01:40

President Launches Trump Accounts for Children With Historic Opening of NYSE, NASDAQ

President Trump rang a bell to open the New York Stock Exchange and NASDAQ during an Oval Office ceremony to launch accounts for children across the nation.

Trump Shares New US Passport Design on Truth Social

The mockup shows limited-edition passports planned for a July...
00:05:14

Trump Cancels Signing of Housing Affordability Bill, Says SAVE Act Should Be Passed First

Trump canceled signing of a bipartisan housing bill aimed at lowering home prices, saying an election integrity bill should be passed by Congress first.
spot_img

Related Articles

Popular Categories

MAGA Business Central