Tag Archives: European Union (EU)

Bulgaria has threatened not to support European Union’s new set of sanctions against Russia if the Balkan country does not get a derogation from the proposed ban on buying Russian oil, Deputy Prime Minister Assen Vassilev said late on Sunday. European Union governments moved closer on Sunday towards agreeing on …

The European Union has proposed a revision to its Russia oil sanctions ban that would give Hungary and Slovakia an extra year, until the end of 2024, to comply, according to people familiar with the matter. The Czech Republic would also be granted an exemption until June 2024, the people …

The European Union (EU) is considering imposing oil imports ban on Russia by the end of 2022, reported Reuters citing two EU diplomats. A decision on the proposed measures on Russia is expected to be announced during a meeting of bloc’s ambassadors scheduled in the coming week. The ban, if …

Oil prices fell on Monday in holiday-sapped trade in Asia as concerns about weak economic growth in China, the world’s top oil importer, outweighed fears of potential supply stress from a looming European Union ban on Russian crude. Brent crude futures fell $1.13, or 1.1%, to $106.01 a barrel at …

Earlier this month Boris Johnson, the British prime minister, grabbed headlines by travelling to Kyiv to demonstrate his solidarity with Volodymyr Zelenskiy, the Ukrainian president. It was eye-catching, tub-thumping stuff. But if Johnson wants to support Ukraine against Russia’s invasion, he should make a symbolic visit somewhere closer to home …

A cargo of 2 million barrels of U.S. crude oil arrived this month in Spain. It is, according to Bloomberg, the biggest U.S. oil cargo to arrive in Europe since at least 2016. But it may be only the beginning. Bloomberg reported on the arrival of the supertanker this week, …

A group of lawmakers from all political groups in the European Parliament has urged Germany to impose an embargo on Russian energy imports amid rumors that the EU would slap its sixth sanctions package later this week, according to a news report on Monday. In a letter dated Saturday and …

The European Union has started drafting its proposal for an embargo on Russian oil imports as its latest response to the war in Ukraine, the New York Times reported, citing Brussels officials and diplomats. The embargo will most likely be introduced in a gradual way, similar to the planned Russian …

The leaders of the European Union member states are expected to discuss at their summit at the end of May the idea of jointly buying natural gas to avoid competing with each other for non-Russian supply as the EU seeks to cut its dependence on Moscow, Bloomberg reported on Thursday, …

The EU’s fifth round of sanctions against Russia following the its attack on Ukraine will hit hard on the country’s energy industry. Among the points in the restrictive measures is an export ban on goods such as quantum computers and advanced semiconductors, high-end electronics, software, sensitive machinery and transportation equipment. …