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EU spares pipeline oil from Russian embargo plan

Europe Materials 29 May 2022 07:26
EU spares pipeline oil from Russian embargo plan

The European Union proposed banning seaborne oil from Russia while delaying restrictions on imports from a key pipeline in an effort to satisfy Hungarian objections and clinch an agreement on a stalled sanctions package that would target Moscow, Trend reports citing Bloomberg.

The European Commission, the EU’s executive arm, sent a revised proposal to national governments on Saturday that would spare shipments of oil through the giant Druzhba pipeline, which is Hungary’s main source of crude imports, according to people familiar with the matter.

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