Von Der Leyen Says No Chance Of Striking Deal On Russian Oil Embargo At Next EU Summit

European Commission President Ursula von der Leyen on Tuesday dominated out the potential of reaching an settlement on an embargo on Russian oil on the upcoming EU summit on the finish of May

MOSCOW (UrduPoint News / Sputnik – twenty fourth May, 2022) European Commission President Ursula von der Leyen on Tuesday dominated out the potential of reaching an settlement on an embargo on Russian oil on the upcoming EU summit on the finish of May.

“I think it is not an appropriate topic to be solved on the European Council because it’s very technical what we’re discussing. We’re speaking about landlocked countries that need alternative supply via pipeline, so you have to speak about the investment in the pipelines, to increase the supply, and we’re talking about refineries that have to be updated, and investment and renewable energy,” von der Leyen instructed Politico information outlet, including that she didn’t wish to increase “false hopes” of reaching an settlement on the oil embargo on the summit.

Earlier in May, von der Leyen offered the sixth bundle of sanctions in opposition to Russia.

Among different factors, it proposes banning Russian oil imports. The bundle must be unanimously accepted by all member states to take impact, however the members have nonetheless not reached an settlement on account of objections from Hungary and Slovakia. Hungarian Prime Minister Viktor Orban earlier described the potential embargo of Russian oil by the European Union as “tantamount to atomic bomb” for Budapest and that Hungary wants 5 years to diversify its power provides.

Russia launched a army operation in Ukraine on February 24 after the breakaway Donetsk and Luhansk folks’s republics referred to as for assist in warding off Ukrainian assaults. The United States, the EU and different allies of Ukraine have since been imposing large ranging sanctions in opposition to Russia.

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