Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli army spokesman says another barrage of Iranian missiles was launched toward 'Israel', demands settlers to adhere to instructions
Israeli media: Two people seriously injured by Iranian missiles
Spokesperson for the Israeli Fire and Rescue Authority: A number of buildings were destroyed as a result of a direct hit by Iranian missiles in the coastal area
Sirens sound in Haifa, Tabarayya, and northern occupied Palestine
Israeli media: A new barrage of Iranian missiles targets northern occupied Palestine
Israeli media: At least 3 barrages of missiles were fired and are still being fired toward 'Israel'
Israeli media: More than 20 Iranian missiles are suspected to have made impact in Haifa and the inner coastal area
Israeli platform: A major Iranian attack and ongoing warnings - an attack in multiple waves
A new wave of Iranian missile attacks on the Israeli entity
Israeli media: A huge explosion heard in Tel Aviv after sirens stopped sounding

EU needs few months to prepare for full Russian oil embargo

  • By Al Mayadeen Net
  • Source: Agencies
  • 1 May 2022 23:45
3 Min Read

Germany is speeding up its plans to phase out Russian energy imports, while the EU prepares sanctions targeting Russian oil.

  • x

 

  • Germany has steadily shifted its position on sanctioning Russian oil
    Germany has steadily shifted its position on sanctioning Russian oil

Germany is calling for a phased-in ban on Russian oil imports into the EU, while the European Union is working to find a deal between its member states before deciding on the bloc's policy on Russian energy, according to the Financial Times.

One of German chancellor Olaf Scholz's closest advisors, Jorg Kukies, said Berlin approved of an oil embargo on Russia but will need a "few months" to prepare before phasing out shipments of Russian crude.

Berlin had earlier said it will need until the end of the year before it would be able to do so, and it was reluctant to sanction oil when the war in Ukraine first began. However, it gradually shifted its position as the war went on.

“We’re asking for a considered wind-down period,” Kukies told the Financial Times. “We want to stop buying Russian oil, but we need a bit of time to make sure we can get other sources of oil into our country.” Most German refineries have already switched to other suppliers.

Moscow has recently cut off gas to Poland and Bulgaria.

Related News

2024 records highest number of global conflicts since WWII: The Times

Rutte warns to raise NATO military spending to 5% or 'learn Russian'

Russian energy giant Gazprom announced on Wednesday that it had completely suspended gas supplies to Bulgaria's largest natural gas distribution company Bulgargaz and Polish oil and gas company PGNiG, as the companies failed to pay for gas in rubles.

As of the end of the business day on April 26, Gazprom Export had not received payments for gas supplies in April from Bulgargaz and PGNiG in rubles.

Some other EU countries, such as Italy, have been pushing for other measures against Russia, such as a price cap or tariff on Russian oil.

Hungary’s prime minister Viktor Orban has warned his government would “not yield to any pressure to extend sanctions against Russia to gas or oil, as that would kill the Hungarian economy.”

The head of the Hungarian Prime Minister's office, Gergely Gulyas said on Sunday that apart from Hungary, nine other European countries have opened accounts in Russian banks in accordance with Russia's scheme to accept gas payments in rubles.

Hungarian Foreign Minister Peter Szijjarto said on Friday that several European gas suppliers to Russia have agreed to new payment terms in rubles, but are keeping it quiet and disseminating misleading information about Hungary's attitude on the subject.

  • Germany
  • Russian oil
  • Russia
  • war in Ukraine
  • Ukraine crisis
  • EU
  • European Union
  • EU embargo
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

  • MENA
  • 17 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

  • Politics
  • 18 Jun 2025
Iran launches missile barrage to Tel Aviv, casualties reported

True Promise 3, wave 14: Tel Aviv targeted, casualties reported

  • Politics
  • 19 Jun 2025
Iran's heavy barrages impact multiple Israeli targets overnight

Iran's heavy barrages impact multiple Israeli targets overnight

  • Palestine
  • 18 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Iran’s Bavar-373 air defense system on display during a military drill (Mehr News Agency)
Politics

Iran intercepts Israeli drones near Tehran, multiple cities

The Israeli Iron Dome air defense system fires to intercept missiles during an Iranian attack over Tel Aviv, Occupied Palestine, Sunday, June 15, 2025 (AP)
Politics

Iran warns aid to 'Israel' will be treated as aggression

US President Donald Trump arrives to board Air Force One at Joint Base Andrews, Friday, June 20, 2025, en route to Montclair, New Jersey (AP)
Politics

Trump, Erdogan made covert attempts to hold talks with Iran: Axios

Ansar Allah supporters surround a giant Iranian flag during an anti-US and anti-'Israel' weekly rally in Sanaa, Yemen, Friday, June 20, 2025 (AP)
Politics

US ships in Red Sea will be targeted if US attacks Iran: YAF

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS