EU leaders on Monday night agreed on a plan for a partial Russian oil ban that will include exemptions for pipeline deliveries to Hungary and other land-locked nations.
Under the plan, all seaborne shipments of Russian oil and petroleum products will be banned from entering the EU by the end of 2022. The pipeline exemptions apply to Hungary, the Czech Republic, and Slovakia and are said to be temporary, but a timeline on when they expire is not yet clear.
While there are exemptions, the plan will ban the vast majority of Russian oil deliveries to Europe. The EU’s European Commission President Ursula von der Leyen said the agreement “will effectively cut around 90% of oil imports from Russia to the EU by the end of the year.”
The European Council still has to formally vote on the oil ban for it to be enacted. It will mark the EU’s sixth round of sanctions on Russia since the invasion of Ukraine was launched on February 24. The EU has already banned Russian coal and has plans to eventually wean itself off Russian gas.
The oil ban was delayed due to opposition from Hungarian President Viktor Orban. While agreeing to the new plan, Orban ensured there was an emergency provision to guarantee the delivery of oil to Hungary if its pipeline supply is disrupted.
While the EU has been planning to ban Russian oil, Moscow has been looking for other markets. Since invading Ukraine, Russia has stepped up oil shipments to China and India, making Asia the leading buyer of Russian oil over Europe.
29 thoughts on “EU Leaders Agree on Plan for Russian Oil Ban With Exemptions”
So much insanity leaves one speechless. It is suicidal what they are doing, throwing their countries and people under the bus for a failing empire. NATO is at war with Russia not Ukraine. Win or lose, at the end there will be no NATO and no EU left. Europe will end up like the ME if they are lucky.
They follow a sinking Superpower, knowing that the leader is an old man with dementia and the people he picked are the old failures going back to Clinton, old Russophobes with brains of concrete.
Is this an accurate prediction or wishful thinking?
Little Hitler (Putin) just validated NATO & EU’s existence. They’ll be around for a while.
Russia is not the only Gas and Oil provider. While the current system is convenient, EU should not rely solely on a country who uses its fossil fuel as leverage. The transition will take time but once a new import infrastructure is developed, the EU will be better off and it might be Russia, the one begging.
Russia has never used energy for blackmail, the US has and does, see NS2 and NS1. Europe is being forced to buy more expensive energy from the US. And they know that the USA can not be trusted, USA even force sanctions on their NATO allies. And the NATO heads of state and their administrations talk 100% idiotic, they don’t make sense, even Ursula von der lien and Baerbock can’t be that stupid. What they do is really treason.
The USA is destroying the global economy including the EU.
Putin is the only adult in the room. Biden is likely to destroy what is left of the US empire.
“Putin is the only adult in the room”
That’s consoling. This adult in the room just went medieval on Ukraine and I can only imagine the things he would do if he was not SO mature.
Putin is a Russian patriot, he is responsible to his people, they have reelected him several times and even now he has an 80% approval. But President Biden thinks he should be removed with some one he likes, a Navalny type or Poroshenko after the UKRAINE REGIME CHANGE by the Obama/Biden team. And Biden learned nothing. Putin did learn, he knows the USA and NATO can’t be trusted.
Biden has yet to show any introspection about his role in the Iraq fiasco, or Afghanistan, he never grew in office.
“Putin is the only adult in the room.”
In the decades I’ve been following him, Putin, when he speaks, is always the most erudite, levelheaded, and the best prepared politician whenever he’s in a room full of politicians who are. frankly, not in his league.
Biden, Blinken, and Kamala, compared to Putin, are laugh out loud jokes.
The last real charismatic and progressive president we had was John F. Kennedy and he was assassinated. We have a history of assassinating the best and the brightest of our leaders. Kennedy, his brother and MLK and other civil rights leaders were the victims of assassinations, LBJ was the victim of the Vietnam war a one term president, since then we have had no real leaders. The lobbyists serving greedy corporate power govern. They picked Biden and he held on to all the old neocon Russophobes. A bad leader picked a bad team to govern. Compare Lavrov with Blinken.
“They picked Biden and he held on to all the old neocon Russophobes. A bad leader picked a bad team to govern. Compare Lavrov with Blinken.”
It’s about enough to make a grown America-loving man cry.
The embargo means more expensive oil for the EU and cheaper oil for China. Expensive oil = expensive and fewer exports and weaker currency, cheap oil = cheaper and more exports and stronger currency. The EU and US and can scribble and posture all they want but they can’t change the laws of economics.
Not bloody likely.
European Union: rearranging chairs on the Titanic.
What I don’t understand is how after the consistent failures of NeoCon policies in Afghanistan, Iraq, Libya, and Syria that these same NeoCons, who have brought us nothing but expensively lost wars, are able to have ANY influence at all on current US foreign policy.
Success and failure are determined in terms of goals.
Since the goals of neoconservatism include 1) perpetual war that 2) feeds an ever-growing military-industrial complex (which in turn generously funds neoconservative propaganda/policy mills), all the wars you name have been at least moderate, and in some cases spectacular, successes, not failures.
It’s going to be a cold few years coming down the road for the EUians … at some point, the citizens of these nations will wake up and realize they were sold out by their elite; but by then the jobs will all have flown.
EU Leaders Agree To Buy Russian Oil
I’d like to drag the Overton slit over and ask how a government or a collection of them has the right to dictate to people who they may or may not buy something from. Why are people so enthusiastic about being told what not to do?
clinic insanity could be one explanation. It is so insane, it can’t be for real.
Way to shoot yourselves in the foot, Europe.
Actually they shot themselves in the head, unless they made some secret arrangements behind closed doors. NATO does show cracks and so does the EU.
A partial ban is really no ban. They will find ways around the sanctions because they have no other realistic options at this time.
They could try to be honest and really tell their people how insane the whole thing is. There will be nothing but destruction in the wake of this war, a war which could easily have been avoided. It was the leadership of the dilutional American neoconservative administrations encircling and pushing Russia against the wall. It is much what the western powers did to the Bismarck Germany before the first WW.
Did the EU morons agree on the alternative and possible consequences to Russian oil ban…?!!! Of course not, because they are morons…!!!
I don’t understand why this is important.
We already refuse to sell to them. They can’t use money from us. Money or no money, not for sale.
Why do they supply oil or gas or coal at all? Why don’t they cut us off, rather than the other way around?
Or do we really have no effective sanctions on sales to them? Are they in fact buying from us?
Perhaps they buy from China and India or others, who effectively launder their money so they continue to do business with us?
Funny as h*ll. Ban, but not completely ban the oil, that will show the Russians. BWAHAHAHAHAHA!
If Europe is ( or will be ) purchasing oil from Amerikkka, does that explain why our gas prices are skyrocketing?
According to the MSM, Bye-Done is giving OUR oil reserves to the EU, rather than using them here at home to lower our gas prices.
While doing errands today, I noted that the local Valero station was up to $4.79 a gallon.
Never in my lifetime would I have imagined it..and some states’ residents are paying far more than that.
We are fortunate to be retired and do not have to drive to work; I feel for the folks who have to commute an hour or more to their place of employment.
As for Bye-Done: HE is the reason that Donald Trump will once again be our next president. I detest Trump, but I will willingly admit that my family, at least, was far better off under Trump.
It was $2.09/gallon in Mexican Water, Arizona (Middle of Nowhere), in October of 2020.
‘oh let’s just shoot ourselves in the head and hope it doesn’t kills us.’ – major dunce and russiaphobe European Commission President Ursula von der Leyen
The globalists are trying to push their electrification fantasy,but how much cn they rely on nuclear and solar? Europe will freeze.
People are beginning to talk about how Western leaders may have a hidden agenda… a greener economy. Reduced consumption of fossil fuels is a hard sell to the working class. Blaming it on Russia makes it more palatable.
There could be some truth to this. But it’s difficult to imagine a clumsier way to make the transition.
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