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Newsline: EU diplomat rules out oil embargo on Russia soon

European Union foreign ministers were not expected to discuss an oil embargo on Russia, a senior EU diplomat said. (https://uk.investing.com/news/commodities-news/oil-embargo-not-under-formal-discussion-at-next-eu-meeting-senior-diplomat-says-2622206) EU foreign policy chief Josep Borrell had earlier said that banning oil imports from Russia would be discussed when ministers meet for the scheduled gathering, after the bloc moved to ban coal in a fifth package of sanctions. Lithuania as well as Ukraine itself are among the most vocal of EU member states in calling for a Russian oil embargo as the EU’s next step. Austria, Bulgaria, Germany and Hungary have so far resisted more discussion about banning Russian oil imports because of their dependency on the energy source. The EU diplomat said it was up to the European Commission, the EU executive, to decide when to come forward with a proposal.

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