About 40% of Community imports came from Russia before the war, but there is every confidence that the transitional period that started in June will be sufficient to ensure supplies.
Euskaraz irakurri: EBk ez du jada Errusiaren diesela inportatzen
After coal and crude oil comes diesel. The ban on the import of this hydrocarbon and other petroleum derivatives from Russia takes effect this Sunday in the European Union, adding to the sanctions mechanism for the invasion of Ukraine that is seeking to financially stifle the Kremlin.
“We expect to be ready to secure sufficient alternative supplies (…). We have successfully gone through a similar process with crude oil,” said European Commission Energy spokesman Tim McPhie, referring to the statement. veto in force on crude oil acquisitions. since last December, which are added to those of coal in August.
Of the new banned derivatives, the biggest challenge is the ban on diesel, the fuel used by almost half of the EU’s cars and most heavy and marine transport and machinery.
around the 40% of Community imports came from Russia before the war, but Brussels is confident that the transition period from when the sanctions were announced in June to their application in February has been “long enough” to “guarantee alternative supply routes and mitigate the impact on world markets for refined products,” adds McPhie.
Until the invasion of Ukraine, the EU was heavily dependent on Russia for energy, and Putin has benefited for a year from a historic energy crisis.
Moscow has billed the EU €140,000 million in coal, gas, and oil since the start of the war on February 24, 2022, according to the Center for Research in Energy and Clean Air (CREA), compared to €99,000 million in 2021.
However, the trend is changing and in the last quarter of the year, purchases of oil products from the EU to Russia fell to 14.14% of total imports, compared to 25.9% in the first quarter, according to Eurostat data.
“Our measures go to the heart of Russia’s economy,” European Commission President Usrula von der Leyen said on Thursday during a visit to Kiev, celebrating in particular the shrinking energy revenues the EU provided to Russia. in about 160 million euros per day.
Parallel to the sanctions Western countries apply on their own territory, the EU, the G7 (Germany, Canada, the United States, France, Italy, Japan and the United Kingdom) and Australia have taken other measures to address the energy crisis. sector Russian also on the world market.
Since December, this bloc of allies of Ukraine has applied maximum of $60 per barrel at the price at which its shipping companies can transport Russian crude oil to third countries.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
