NYT called the timing of the decision of the EU on the embargo on Russian oil
NYT: The EU may approve an embargo on Russian oil next week According to the publication's sources, this measure “divided the members of the bloc” and now there is an active discussion of the embargo. The newspaper notes that a decision can be made before the end of next week =”NYT announced the timing of the EU's decision on the embargo on Russian oil” />
The European Union is likely to approve a phased embargo on Russian oil next week. The New York Times reports this with reference to unnamed European officials.
The interlocutors of the publication noted that this measure had long been postponed and “divided the members of the bloc.” Intense negotiations will continue from April 30 to May 1, they said, before the European Commission possibly makes a decision.
Since the beginning of Russia's military operation in Ukraine, Western countries, including the US and the EU, have already imposed several packages of sanctions against Moscow. The EU introduced the previous, fifth package of restrictions on April 8.
The sanctions, among other things, banned the import and transit of coal from Russia, the export of printing paper, planting material, the supply of some turbines and engines, and particle accelerators. The restrictions also imply an extended ban on the import of petrochemical equipment, including for LNG projects.
The fact that the European Commission is preparing the sixth package of sanctions against Russia, which implies restrictions on the oil sector, was said in mid-April by the head of the EC, Ursula von der Leyen. As French Foreign Ministry spokeswoman Anne-Clair Legendre clarified on April 29, France expects the introduction of new EU sanctions against Russia, including restrictions on oil in the near future.
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Three possible scenarios for Russian oil are being considered by the European Union in general, sources told Bloomberg: an embargo, a price cap, and the creation of a “payment mechanism to retain revenue.” , which Moscow has received since the start of the military special operation against Kyiv.
Head of the Russian Ministry of Finance Anton Siluanov said earlier that Russian oil production could fall by 17% this year, and it is still difficult to predict the future of energy sales from Russia. “Will there be a decrease in production? Will. In what volumes: 17%, a little less or a little more, — maybe»,— the official pointed out.
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