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EU Sources: Agreement on Russia Sanctions Near, Except on Oil

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The 27 EU member states have few objections to revised proposals for the sixth package of sanctions against Russia, except over the proposed ban on Russian oil imports, insiders say in Brussels.

 

With the proposed sanctions against some 60 people and three TV channels, among other things, the EU ambassadors are almost out. Still, the negotiations on the oil sanctions are expected to continue this weekend.

Following a meeting of EU ambassadors, the European Commission was again instructed to refine certain proposals. However, the biggest obstacle remains the total boycott of crude oil within six months and of refined oil before the end of the year.

After strong protests from Hungary and Slovakia, those countries have been offered a postponement until the end of 2024, and the Czech Republic until June 2024. The EU is also ready to help the three completely landlocked Member States to rebuild and adapt their infrastructure to the new situation.

Despite the harsh tone of Hungarian Prime Minister Viktor Orbán, who says he will demand a five-year delay, those involved are optimistic. “Everyone is aware of the impact. This will take some time,” said a senior official. Negotiations would take place constructively. C

committee chair Ursula von der Leyen is also confident. “If it takes a day longer, it will only take a day longer,” she said.

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