Germany To Support EU Ban On Russian Oil Imports

May 2, 2022 European Union, Russia

Germany said on Monday it was prepared to back an immediate European Union embargo on Russian oil, a major shift from Moscow’s biggest energy customer that could let Europe impose such a ban within days.

Russia’s energy exports – by far its biggest source of income – have so far largely been exempt from international sanctions over the war in Ukraine. Kyiv says that loophole means European countries are funding the Kremlin war effort, sending Moscow hundreds of millions of euros every day.

Chancellor Olaf Scholz, who has been more cautious than other Western leaders in backing Ukraine, has been under growing pressure to take a firmer line, including from within the Social Democrat’s own governing coalition.

Read the full article.

In shift, Germany could back immediate EU ban on Russian oil https://t.co/xIElEL2FrQ pic.twitter.com/BmOZ697jz5

— Reuters World (@ReutersWorld) May 2, 2022