Options for restrictions on Russian oil/Getty Images
The European Union together with the United States is now developing the sixth package of sanctions against Russia.
Now they are discussing as many as 3 new options for restrictions on Russian oil. The new package is planned to be introduced as early as next week.
It is noted that the US and the EU are negotiating steps that can be taken to limit oil imports from Russia. As well as a reduction in the income of Moscow and those who support the regime of dictator Putin.
A complete ban on oil
In particular, the following issues are being discussed:
- a complete ban on oil;
- setting a cap price;
- payment mechanism to withhold revenues received by Russia since the start of the war in Ukraine.
Main risks
According to media reports, Western leaders fear that a direct EU ban on Russian oil could lead to a sharp rise in prices, and therefore give the Kremlin even more revenue.
At the same time, unanimity on restrictions on Russian oil in The EU is not yet. A number of countries, including Germany and Hungary, are resisting attempts to completely ban Russian oil and gas, as they are heavily dependent on Russian energy.
Help. In five sanctions packages, the EU supported the import ban Russian coal and cut off some Russian banks from SWIFT. With the sixth package, the EU is aware of the demand to cut off the Kremlin from its most important source of income – the energy sector, including oil and gas exports.
