Russian Oil

EU to map out escape route from Russian fossil fuels

EU to map out escape route from Russian fossil fuels

The European Commission will on Wednesday unveil a 210 billion euro plan for how Europe can end its reliance on Russian fossil fuels by 2027, and use the pivot away from Moscow to quicken its shift to green energy. To wean countries off …

EU reaching its limits with anti-Russia sanctions

EU reaching its limits with anti-Russia sanctions

The European Union is reaching its limits with sanctions against Russia, an EU diplomat told EURACTIV after the end of the EU foreign ministers meeting on Monday. “If there was such a mess with Russia’s oil, …

Baerbock predicts Russia oil sanctions deal within days

Baerbock predicts Russia oil sanctions deal within days

German Foreign Minister Annalena Baerbock said she expects the European Union to impose sanctions on Russian oil within the next few days. “We still have to clarify a few things. That won’t happen here today, but I’m …

EU starts considering delay in Russian oil sanctions

EU starts considering delay in Russian oil sanctions

Some European Union nations are saying it may be time to consider delaying a push to ban Russian oil so they can proceed with the rest of a proposed sanctions package if the bloc can’t persuade Hungary to back the embargo, Bloomberg …

Bulgaria threatens to veto EU oil ban on Russia

Bulgaria threatens to veto EU oil ban on Russia

Bulgaria has threatened not to support European Union’s new set of sanctions against Russia if the Balkan country does not get a derogation from the proposed ban on buying Russian oil, Deputy Prime Minister Assen Vassilev said late on …

Von der Leyen confident EU to pass new sanctions package

Von der Leyen confident EU to pass new sanctions package

Eurpoean Commission President Ursula von der Leyen said on Friday she was confident the bloc would approve a new package of sanctions against Russia. "I am confident that we will get this package on track - if it takes a day …

EU to continue talks on Russian oil import ban on May 5

EU to continue talks on Russian oil import ban on May 5

Permanent representatives of the EU member-states did not reach an agreement on the embargo of the Russian oil import and talks will continue on May 5, Reuters news agency said, citing a source. Certain EU member-countries, particularly …

Germany says ready to halt Russian oil after EU agrees embargo

Germany says ready to halt Russian oil after EU agrees embargo

Germany threw its weight behind a European Commission proposal to impose a phased-in import ban on Russian oil. The transition period is sufficient to arrange alternatives, Economy Minister Robert Habeck told reporters on Wednesday. He …

India wants Russia to discount its oil - report

India wants Russia to discount its oil - report

India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with knowledge of the matter. India is seeking Russian cargoes at less …

Germany: Rejection of Russian oil and gas to hit fuel prices

Germany: Rejection of Russian oil and gas to hit fuel prices

The German government considers it possible to reject imports of Russian oil, Finance Minister Christian Lindner said, noting that this could welcome the fuel prices rise. "It cannot be ruled out, among other things, that this will …

Germany supports EU embargo on oil imports from Russia

Germany supports EU embargo on oil imports from Russia

The German government supports the plans of the European Union (EU) to impose an embargo on oil imports from Russia. During the latest preliminary talks on the sixth package of sanctions against Russia, Berlin spoke in favor of a ban, the DPA …

Germany ready to back gradual ban on Russian oil

Germany ready to back gradual ban on Russian oil

Germany is prepared to back a gradual ban on Russian oil as European Union countries scramble to respond to an escalating energy crisis that saw Moscow cut off gas supplies to two of the bloc’s member states, Bloomberg reported. …

Russia's oil output may drop as much as 17%

Russia's oil output may drop as much as 17%

Russia’s oil production this year may drop by as much as 17% amid international restrictions on buying the nation’s crude, Russian Finance Minster Anton Siluanov said.  “The output will decline. By what amount? …

Borrell: no EU agreement on Russian energy embargo

Borrell: no EU agreement on Russian energy embargo

There is insufficient support from European Union member states for a complete embargo or punitive tariff on Russian oil and gas imports, the EU's top diplomat Josep Borrell was quoted as saying by German newspaper Die Welt on Monday. …