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BREAKING
Barrack: We call upon Druze, Bedouins, and Sunnis to put down their weapons and together with other minorities build a new and united Syrian identity building peace and prosperity with their neighbors
US Special Envoy to Syria Tom Barrack: Israeli Prime Minister Benjamin Netanyahu and Syrian President Ahmad al-Sharaa supported by the US have agreed to a ceasefire embraced by Türkiye, Jordan, and their neighbors
YAF spokesperson Brigadier General Yahya Saree: We carried out a top-tier operation targeting Ben Gurion Airport in Lydd with a Palestine 2 hypersonic ballistic missile
Israeli media: Israelis in the Gush Dan area and al-Quds were asked to enter shelters immediately
Sirens sound in Tel Aviv and occupied al-Quds after a missile was launched from Yemen
Sheikh Qassem: We are ready to defend ourselves if 'Israel' attacks us in a way that we believe calls for us to defend ourselves
Sheikh Qassem: "Israel" will never be handed over our weapons
Sheikh Qassem: He who refuses so and accepts humiliation, that is their own business, but for us, we will not accept humiliation. We have made great sacrifices, and our strength has helped us achieve this result
Sheikh Qassem: Be patient with the issue of exclusivity of arms with the state in the face of the great danger that will not spare Lebanon; let us speak with one voice and work for the sake of priority
Sheikh Qassem: Lebanon faces three real dangers: 'Israel', ISIS tools on the eastern border, and US tyranny

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.

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  • 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.

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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?

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