Difficult balancing act with oil embargo

The EU Commission’s sixth sanctions package with the gradual exit from Russian oil is meeting with mixed reactions from industry and business associations. Experts doubt the effect, while Hungary and Slovakia reject the package in its current form.

Now it is the turn of the Permanent Representatives of the Member States. The consultations in the circle of EU ambassadors began on Wednesday. In the morning, EU Commission President Ursula von der Leyen presented the sixth sanctions package against Russia. It could take until the weekend for an agreement to be reached among the member states. The necessary unanimity is currently not guaranteed.

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