If the European Union fails to agree on an embargo on Russian oil, it will be difficult to activate the remaining elements of the sixth package of sanctions against Moscow proposed by the Commission, a senior European Commission official told Reuters.
“It is true – if there is no agreement on this neither today nor in the coming days … we will have difficulties with the rest of the package,” the official told the agency on condition of anonymity.
However, he added that “because we are sure that over time there will be a solution, I see no reason why anyone could separate it (the package) or for whom it would make sense to separate it.”
It is noteworthy, however, that EU leaders indicated in their statements before the summit that they were not expected to agree on a ban on Russian oil imports at the current meeting, acknowledging that negotiations on the issue have not yet been completed.
According to Reuters, the other elements of the new sanctions package include the expulsion of Russia’s largest bank, Sberbank, from the SWIFT messaging system, the ban on Russian broadcasters from the EU and the addition of more people to the list of those who have freeze their assets.
Source: Capital
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