By Tasos Dasopoulos The new rally in the price of oil triggered by the EU political agreement on the embargo on Russian oil, also increases in Greece the pressure for measures that will mitigate the increases in liquid fuels. However, the financial staff is working on the horizon until the end of the month before […]
Tag: embargo
Russia: We will redirect oil exports outside Europe after the embargo
The Kremlin warned today that European Union sanctions against Russian oil would hit the global energy market, but said Moscow could redirect its exports to limit its own losses. EU leaders agreed this week on an embargo on Russian crude imports that aims to cut 90% of Russian oil sales to the EU by the […]
Capital Economics: The three implications for the markets from the EU embargo on Russian oil
Of Eleftheria Kourtali The European Union’s embargo on Russian oil is expected to lead to a further significant increase in long-term government bond yields, stocks will face significant difficulties and commodity currencies will outperform the rest of the year, according to Capital Economics. EU countries have agreed to impose an embargo on maritime imports of […]
PASOK for embargo on Russian oil: To have a comprehensive plan against energy prices
PASOK – Movement for Change calls for a comprehensive plan to deal with the threatened new energy price hikes, with a statement by its Energy Minister, Harry Doukas, on the occasion of the decision at the European Union level to gradually impose an embargo on Russian oil. PASOK-KINAL notes: “European Union decisions on embargo on […]
Russian oil embargo agreement reached – 90% reduction in imports by 2022
LAST UPDATE: 07.56 The agreement on imposing an embargo on Russian oil was announced via his twitter account by the President of the European Council Charles Michel. “Agreement to ban Russian oil exports to the EU. It immediately covers more than two thirds of (European) oil imports from Russia, cutting off a huge source of […]
European official: The new package of sanctions in Russia needs to include the embargo
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 […]
Summit: Agreement on Russian oil embargo ruled out
LAST UPDATE 17:45 European Union leaders are not expected to reach an agreement on imposing a ban on Russian oil imports, as indicated in statements made at the Brussels Summit, pointing out significant distances that have not yet been bridged. According to a Reuters report, the draft agreement of the Summit for the time being […]
Conflicting estimates for reaching an agreement at the Summit
LAST UPDATE 16:10 Estimates of reaching an agreement on imposing a European embargo on Russian crude shortly before the start of the summit are mixed, with the Bulgarian prime minister saying it is a possible possibility, at a time when his Estonian counterpart appeared wary. In particular, according to Reuters, the Kirill Petkov He said […]
Reuters: Leaders of the 27 leave the final decisions on the embargo on Russian oil for later
European Union leaders are expected to agree at the summit later today that a package of sanctions being prepared should include an embargo on Russian oil, as punishment for Moscow invading Ukraine, but exclude pipeline deliveries. However, according to a Reuters report, as they are unable to agree on all the details of the embargo, […]
Reuters: ’27’ leave final decisions on European embargo on Russian oil
European Union leaders are expected to agree at the summit later today that a package of sanctions being prepared should include an embargo on Russian oil, as punishment for Moscow invading Ukraine, but exclude pipeline deliveries. However, according to a Reuters report, as they are unable to agree on all the details of the embargo, […]