The EC plan proposes a transition period until the end of the year to contain the shock on the markets and prepare alternative supply routes, especially for Hungary and Slovakia.
Euskaraz irakurri: Bruselak Errusiako petrolioari betoa jartzea eta gerra krimenak zigortzea proposatu du
The European Commission (EC) has proposed to sixth sanction package against Russia, which for the first time is progressively vetoing the purchase of Russian oil, although it is considering applying it gradually and with exceptions for Hungary and Slovakia.
Likewise, it calls for sanctions against the senior military personnel responsible for the massacres of civilians in Bucha or Mariupol, two Ukrainian cities destroyed after the Russian occupation and symbols of civilian suffering during the invasion.
“We are proposing a ban on Russian oil. It will be a… total import ban of all Russian oil, by sea and pipeline, crude and refined,” Commission President Ursula von der Leyen said in a speech to the plenary of the European Parliament meeting in Strasbourg.
Brussels proposes to introduce this veto”orderly manner (…) to ensure alternative supply routes and minimize the impact on global markets,” added von der Leyen, referring to: a six-month crude oil ban and a embargo on refined products “by the end of the year”
Since the Commission has not made public the details of the sanctions proposal, which must be unanimously approved by the twenty-seven Member States of the European Union, European sources have indicated that Hungary and Slovakia, which are completely dependent of Russian oil and are locked in, they could have more time.
“In the latest sanctions package, we started with the… Coal We now propose to reduce our dependence on the petroleum Russian. Of course, it won’t be easy Some Member States are heavily dependent on Russian oil,” explains von der Leyen.
Corrective Actions for People and Entities
The new sanctions not only include a veto against Russian oil, but also include corrective action for persons and entities responsible for or involved in the Massacres in Bucha or Mariupol as well as remove the largest bank in Russia from the international SWIFT money transfer system, Sberbank
The five previous rounds of corrections against Moscow and Minsk were aimed at banning transactions with the Central Bank of Russia and freezing some of its assets, cutting off traffic to Russian ships and aircraft, hindering transactions by its banks or certain export, in addition to punishing a thousand people close to the Kremlin, as well as Vladimir Putin.
The latest of these packages included an embargo on Russian coal from August, which became the first penalty for the energy sector and cut off access to the EU of a hydrocarbon for which Russia received 5.4 billion euros in 2021, according to Eurostat.
In that year, Russia also received 17.3 billion euros from the EU for gas sales and 74 billion euros for oil.
According to the Center for Energy and Clean Air Research (CREA), the European Union has purchased more than EUR 52 billion worth of energy products from Russia since the invasion of Ukraine (20.6 billion in oil, 30.5 billion in gas and 860 million in coal).
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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.
