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Newsline: EU mulls compromise to break deadlock on Russian oil embargo

Ambassadors from the 27 European Union member states will on Sunday examine a compromise that could enable them to break the deadlock on a sixth round of economic sanctions against Russia, including a landmark halt to Russian oil imports, EU sources told AFP. (https://news.yahoo.com/eu-mulls-compromise-break-deadlock-153240503.html) The compromise solution put to national negotiators on Sunday consists in excluding the Druzhba pipeline from a future oil embargo and only imposing sanctions on oil shipped to the EU by tanker vessel, the sources said. The latest round of proposed sanctions has been blocked by landlocked Hungary, which has no access to seafaring oil cargo ships and is dependent for 65 percent of its oil needs on Russian crude supplied via the Druzhba pipeline. Budapest has rejected as inadequate a proposal to allow it two years longer than other EU states to wean itself off Russian oil. It wants at least four years and at least 800 million euros ($860 million) in EU funds to adapt its refineries to process non-Russian crude and boost pipeline capacity to neighbouring Croatia.

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