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EU leaders allow Orban to stay out of Russian oil embargo

BRUSSELS, 31 (EUROPE PRESS)

The Heads of State and Government of the European Union have agreed to leave the oil pipeline that supplies Hungary out of the embargo on Russian oil for the time being in order to unblock the sixth package of sanctions that will put an end to imports of this fuel by sea from Russia, which in practice means vetoing at least two thirds of the total oil that reaches the European Union.

This has been announced by the President of the European Council, Charles Michel, through social networks with a message in which he announces an “agreement to prohibit Russian oil exports to the EU”, although he specifies that “it immediately covers to two-thirds of imports” and not to the entire supply.

In the absence of the Twenty-seven publishing their text of conclusions, European sources consulted by Europa Press have explained that the agreement will allow an embargo on all oil imported by sea “before the end of the year” and leaves for a second phase without a precise calendar. the development of the embargo applicable to the southern branch of the Druzhba pipeline, which supplies half a dozen EU countries.

The exemption will be finalized “as soon as possible” but has been designed to exempt Hungary from complying with the veto on imports due to its great dependence on Russian oil and the difficulties in finding immediate alternatives, due to not having access to the sea that facilitates supply by other providers.

It will also benefit Slovakia and the Czech Republic, while Germany and Poland, two countries that are also supplied by this pipeline, have also committed to cutting off this flow, with which the EU estimates that the partial embargo that will be applied in the coming months It will affect “more than 90%” of the oil, crude and refined, that reaches the community market from Russia.

After just over seven hours meeting in an extraordinary summit in Brussels, the leaders have reached a political agreement that supports the sixth package of sanctions that they have been trying to adopt for nearly a month with the reserves of the countries most dependent on Russian crude , especially Hungary, Slovakia and the Czech Republic.

In addition to the measures against oil, this sixth package includes other sanctions such as the inclusion of new names on the list of persons and entities whose assets in the EU will be frozen or the disconnection of the main Russian bank, Sberbank, and two other entities of the system of financial communication Swift. Several Russian state media will also be cut off.