EUROPEAN UNION LEADERS AGREE ON A COMPROMISE FOR A PARTIAL OIL EMBARGO ON RUSSIA

May 31, 2022

By Jane Brown

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Representatives of a group of nations working together to investigate war crimes in Vladimir Putin’s Russian invasion of Ukraine are meeting in The Hague amid ongoing calls for those responsible for atrocities to be brought to justice.

Tuesday’s meeting comes as Russian forces continue to pound eastern Ukrainian towns and cities.

European Union leaders, meantime, have reached a compromise to impose a partial oil embargo on Russia while at a summit focused on helping Ukraine with a long-delayed package of sanctions blocked by Hungary.

Netherlands Prime Minister Mark Rutte says the tougher the sanctions, the more difficult it is to nail down the details for each country.

The watered-down agreed upon embargo covers only Russian oil brought in by sea, allowing a temporary exemption for imports delivered by pipeline.

From the moment the invasion began February 24th, the West has sought to make Russia pay economically for its war.

But targeting the lucrative energy sector was seen as a last resort in Europe and has proved hardest since the bloc relies on the country for 25% of its oil and 40% of its natural gas.

EU leaders agreed to cut around 90% of all Russian oil imports over the next six months.

A senior Russian official said the move would hurt ordinary Russians.

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