Hungary and Slovakia will be able to continue buying Russian crude by the end of 2023 under existing contracts, a European img told Reuters today, taking advantage of the exemptions. to the oil embargo proposed by the European Commission.
The Commission today proposed banning imports of Russian crude for six months and refining products by the end of the year.
In an effort to persuade reluctant countries not to veto the proposal, Brussels has proposed a longer period for the implementation of the embargo on Hungary and Slovakia, according to the img, who wished to remain anonymous.
The exemption will apply to existing crude oil contracts signed by Hungary and Slovakia with Russia.
The img declined to comment on whether the exemption would apply to refining products, as reported by Reuters and the Athens News Agency.
The Commission proposal is under discussion. It needs the support of all EU governments to adopt it.
A second img, aware of the discussions, said that the proposed delay of the embargo on Hungary and Slovakia until the end of 2023 could be the compromise needed to reach an agreement.
Hungary, which is heavily dependent on Russian oil, has repeatedly said it will not sign any energy sanctions. Slovakia is also among the EU countries with a strong dependence on Russian fossil fuels.
Source: News Beast
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