EU Preparing To Hit Russia With Sanctions On Oil Imports

A general view of oil tanks in the Transneft-Kozmino Port near the far eastern town of Nakhodka, Russia. Yuri Maltsev | Reuters  

Euractiv/Reuters: Brussels prepares to hit Russia with ‘smart sanctions’ on oil imports 

The European Union is preparing “smart sanctions” against Russian oil imports, The Times reported on Monday (25 April), citing the European Commission’s executive vice-president, Valdis Dombrovskis. 

“We are working on a sixth sanctions package and one of the issues we are considering is some form of an oil embargo. 

When we are imposing sanctions, we need to do so in a way that maximises pressure on Russia while minimising collateral damage on ourselves,” Dombrovskis told The Times. 

He said that precise details of the oil sanctions had not yet been agreed but could include a gradual phasing-out of Russian oil or imposing tariffs on exports beyond a certain price cap, the newspaper reported. 

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Update: EU Planning to Impose 6th Package of Sanctions Against Russia to Hit Oil Supplies (Sputnik)  

WNU Editor: There is still no agreement (yet) in the EU to impose these sanctions .... Borrell says no EU agreement on Russian energy embargo (Reuters).