The European Union would consider a ban on the import of oil from Russia

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ban on the import of oil from Russia

The European Union would consider a ban on the import of oil from Russia, anonymous sources report to Reuters news agency. Prime Minister Mark Rutte says that an oil boycott is still too early. The EU is speaking this week with, among others, US President Joe Biden about a fifth round of sanctions against Russia.

The sanctions that the EU has so far imposed on Russia have not proved effective enough to stop the war in Ukraine. And so the EU faces the decision whether or not to ban the import of Russian oil, as the US and Britain did before.

According to the sources, baltic states such as Lithuania in particular would insist on such an embargo, because this would be a logical next step. Germany warns against hasty decisions, given energy prices in Europe.

EU member state Bulgaria, which is almost entirely dependent on Russia’s Gazprom for its gas supply, has said the country is considering abstention. All EU sanctions must be taken unanimously.

France’s decision is likely to be crucial. French President Emmanuel Macron has said there are no taboos when discussing new sanctions.

The European Union would consider a ban on the import of oil from Russia

According to the anonymous sources reuters spoke to, the Russian deployment of chemical weapons in Ukraine or heavy bombing of Kyiv could trigger an embargo on Russian oil.

Moscow has warned that it will turn off the gas tap to Europe if the EU bans the import of oil. The EU depends on Russia for 40% of its gas supply. Germany is the most dependent on Russian gas among the European member states and is also the largest purchaser of Russian oil in Europe.

Prime Minister Rutte thinks it’s too early for a boycott

According to Rutte, the EU cannot currently Russia without oil and gas. He said that on a visit to Lithuania. The prime minister does think that the EU should get rid of Russian oil and gas as soon as possible, “but we cannot do this tomorrow”.

According to Rutte, too many EU member states are still dependent on energy from Russia.

European leaders are talking this week about a possible oil boycott of Russia. Ireland said on Monday that it was also in favour of this. But large countries such as Germany and Italy do not yet feel anything for this.

Dutch soldiers have been stationed in Lithuania for five years. They are advanced units of NATO against the Russian threat. Lithuanian President Gitanas Nausėda is keen to house more NATO troops in his country.

Nausėda says he has also informed Prime Minister Rutte of this.

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