Reuters learned about the plan to impose an embargo on oil supplies from Russia by sea

The draft of new sanctions against Russia provides for a partial embrago on oil supplies from Russia to the EU – by sea, Reuters reported with reference to the draft document. Hungary, Slovakia and the Czech Republic will be able to receive oil through Druzhba =”Reuters learned about the plan to impose an embargo on oil supplies from Russia by sea” />

Representatives of the EU countries could not agree on a complete embargo on Russian oil supplies to European countries, but agreed to ban oil imports from Russia by sea, Reuters reports with reference to the draft declaration.

On May 30, EU ambassadors will hold another meeting in Brussels, trying to agree on the details of the sixth sanctions package ahead of the summit of EU leaders.

Also, according to Reuters, the new package of sanctions provides for the exclusion of Sberbank from the SWIFT messaging system, the ban on the work of Russian broadcasters in the EU and the freezing of the European assets of a number of Russians.

In addition, the EU plans to provide €9bn ($9.7bn) of partial interest-covered loans to Ukraine to keep its government alive and pay salaries for about two years. EU leaders will also support in a declaration following the summit the creation of a fund that will finance the reconstruction of Ukraine, and will touch upon the “legally complex issues of confiscation of Russia's frozen assets,” Reuters reports.

Negotiations on the sixth package of European sanctions against Russia have been going on for more than a month. An obstacle to agreeing on a new series of restrictive measures was the issue of a complete oil embargo, which was opposed by Hungary, Slovakia and the Czech Republic, for which supplies from Russia are critical and have no access to the sea, Reuters reported earlier.

According to the agency, the proposal to impose an embargo on the supply of Russian oil by tankers by sea was made by the European Commission (EC) in an attempt to overcome this contradiction. This should allow Hungary, Slovakia and the Czech Republic to continue to receive oil through the Russian Druzhba pipeline. for some time, until alternative suppliers of this resource are found.

The Druzhba oil pipeline was built in the 1960s. It follows from Samara to Mozyr (Gomel region of Belarus), after which it is divided into two branches— north and south. The first goes through the territory of Belarus, Poland, Germany, Latvia and Lithuania, the second— on the territory of Ukraine, the Czech Republic, Slovakia, Hungary and Croatia. The total length of pipelines— 8900km.

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Earlier, the fact that the EC proposed to exclude oil supplies via Druzhba from the draft sanctions was reported with reference to Bloomberg sources. However, according to the agency, the introduction of this amendment did not change the position of Budapest: back in early May, Hungarian Prime Minister Viktor Orban compared this idea with “an atomic bomb that they want to drop on the Hungarian economy,” and said that in order to rebuild energy sector of the country, it will take years. Hungary also blocked a vote on this issue at a meeting of EU representatives. In order for the sixth package of sanctions to be approved and enter into force, the support of all states is needed — EU members.

In Kyiv, they believe that Ukraine has a “wonderful leverage” to influence Hungary, since “Friendship” goes through this country. Olena Zerkal, adviser to the Minister of Energy of Ukraine, said that “it would be very appropriate if something happened to it [with the oil pipeline].” “But again, this is in the hands of the government and the president.” resolve political issues»,— she added.

The Kremlin, speaking of a possible embargo on Russian oil by the EU, warned that such a decision would “hit everyone.” At the same time, according to the press secretary of the Russian President Dmitry Peskov, the United States will remain the same and “will feel much better than the Europeans.”

According to Russian Deputy Prime Minister Alexander Novak, in In the event of an embargo on Russian oil, world prices for this raw material could jump to $300 per barrel. If this happens, Russia is ready to expand sea supplies. The flow of supplies has already begun to be redirected from west to east, to Asian markets, he said.

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