A full European ban on Russian oil is coming ...Middle East

Quartz - Economy

After weeks of reluctance over banning Russian oil imports, German officials today (Apr. 29) reversed course, agreeing to a gradual, EU-wide embargo. Other European countries have recently grown more amenable to such a ban as well, as Russia’s war on Ukraine has persisted.The EU’s 27 member states have to agree unanimously for a ban to come into effect. But Germany has been the major opponent to this measure, because it purchases so much Russian oil and gas. Last year, Germany bought 27 billion tons of Russian crude, a third of its overall oil consumption. “It was a mistake that Germany became so heavily dependent on energy imports from Russia,” Christian Lindner, Germany’s finance minister,

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Last updated : 29 April 2022 clock 08:22 PM

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A full European ban on Russian oil is coming ...Middle East

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