EU may combine tariffs on Russian oil with embargo, says Yellen

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The European Union (EU) may combine import tariffs on Russian oil with a phased embargo on the commodity that the bloc is trying to implement to reduce Russia’s energy revenues, US Treasury Secretary Janet Yellen said on Tuesday. thursday (17).

The tariff plan would aim to keep more Russian oil on the global market, which would limit the price spikes that a full embargo would cause, while reducing the amount of money Moscow can earn from exports, Treasury officials told reporters.

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Yellen said she discussed a wide range of options to reduce Europe’s dependence on Russian energy with European Commission President Ursula von der Leyen in Brussels on Tuesday, adding that tariffs and embargoes “are two things that can be done.” combined”.

Europe is currently the destination for about half of Russia’s total crude oil and oil products exports, or about 2.2 million barrels a day of crude oil and 1.2 million barrels a day of oil products. .

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Yellen added that she would support any plan the EU’s 27 member states could agree on, but “it is extremely important that they reduce their dependence on Russian oil.”

She also pledged US help to meet the bloc’s energy needs, including working to increase global oil and gas supplies.

Source: CNN Brasil

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